FLEX (FLEX) CFO awarded 10,855 RSUs in stock-based compensation grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Krumm Kevin reported acquisition or exercise transactions in this Form 4 filing.
FLEX LTD. Chief Financial Officer Kevin Krumm reported an equity grant of 10,855 ordinary shares in the form of unvested restricted share units (RSUs) at a price of $0.00 per share. These RSUs will vest in three equal annual installments beginning on June 11, 2027.
After this grant, Krumm holds 154,658 ordinary shares, including multiple unvested RSU awards. Footnotes explain that each unvested RSU gives a contingent right to receive one unrestricted, fully transferable share when it vests and is not forfeited.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Krumm Kevin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 10,855 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 154,658 shares (Direct, null)
Footnotes (1)
- Consists of 10,855 unvested restricted share units ("RSUs"), which will vest in three equal annual installments beginning on June 11, 2027. Includes the following: (1) 21,964 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; (2) 95,497 unvested RSUs, which will vest in two equal annual installments beginning on January 6, 2027; and (3) 10,855 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 2027. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
Key Figures
RSU grant size: 10,855 shares
Grant price: $0.00 per share
Total shares after transaction: 154,658 shares
+2 more
5 metrics
RSU grant size
10,855 shares
Unvested RSUs granted on June 11, 2026
Grant price
$0.00 per share
Stock-based compensation award
Total shares after transaction
154,658 shares
Holdings following reported grant
Existing RSUs vesting 2026
21,964 RSUs
Vest in three equal annual installments from June 12, 2026
Existing RSUs vesting 2027
95,497 RSUs
Vest in two equal annual installments from January 6, 2027
Key Terms
restricted share units, RSUs, contingent right, fully transferable share
4 terms
RSUs financial
"Includes the following: (1) 21,964 unvested RSUs, which will vest in three equal annual installments"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share"
FAQ
What insider transaction did FLEX (FLEX) report for Kevin Krumm?
FLEX reported that CFO Kevin Krumm received a grant of 10,855 unvested restricted share units. The award was recorded at $0.00 per share and represents stock-based compensation that will convert into ordinary shares only as the units vest over time.
What is the vesting schedule of the new RSUs granted to FLEX CFO Kevin Krumm?
The 10,855 newly granted RSUs to FLEX CFO Kevin Krumm vest in three equal annual installments. Vesting begins on June 11, 2027, meaning one-third of the units become shares each year over a three-year period, subject to forfeiture conditions.
How do the existing FLEX RSU awards for Kevin Krumm vest over time?
Footnotes show several existing RSU grants: 21,964 RSUs vest in three equal annual installments from June 12, 2026; 95,497 RSUs vest in two equal annual installments from January 6, 2027; and 10,855 new RSUs vest in three equal installments from June 11, 2027.