Flex director awarded 519-share equity grant

WATKINS WILLIAM D reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

WATKINS WILLIAM D reported acquisition or exercise transactions in this Form 4 filing.

Flex Ltd. director William D. Watkins received an equity grant rather than cash fees for his board service. On April 15, 2026, he was awarded 519 ordinary shares through restricted share units under Flex’s Share Election Program for the quarter from January 1 to March 31, 2026.

The award vested immediately, giving him full ownership. After this grant, Watkins directly held 98,592 ordinary shares, including 6,718 unvested RSUs that are scheduled to vest in full immediately before Flex’s 2026 annual general meeting.

Insider Trade Summary

Grant/Award: 519 shares

Grant/Award 1 txn

Insider WATKINS WILLIAM D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	519	$0.00	$0.00

Holdings After Transaction: Ordinary Shares — 98,592 shares (Direct)

Footnotes (2)

1. F1. On April 15, 2026, the Reporting Person was awarded a total of 519 restricted share units ("RSUs") pursuant to the terms of the Issuer's Share Election Program whereby directors elect to receive equity in lieu of cash compensation and as approved by Issuer's Board of Directors and Shareholders on 7/24/2013 and 7/29/2013, respectively. The award was granted for the quarterly period from 01/01/2026 to 03/31/2026. The award vested immediately upon grant.
2. F2. Includes 6,718 unvested RSUs, which vest in full on the date immediately prior to the date of Issuer's 2026 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.

Key Figures

RSU grant size: 519 shares Post-transaction holdings: 98,592 shares Unvested RSUs: 6,718 RSUs +2 more

5 metrics

RSU grant size 519 shares Restricted share units awarded on April 15, 2026

Post-transaction holdings 98,592 shares Ordinary shares held directly after the grant

Unvested RSUs 6,718 RSUs Vest immediately before Flex’s 2026 annual general meeting

Grant price $0.0000 per share Indicates non-cash, compensation-related award

Quarter covered 01/01/2026–03/31/2026 Service period for which the RSUs were granted

Key Terms

restricted share units, Share Election Program, unvested RSUs, contingent right, +1 more

5 terms

restricted share units financial

"the Reporting Person was awarded a total of 519 restricted share units ("RSUs")"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Share Election Program financial

"pursuant to the terms of the Issuer's Share Election Program whereby directors elect to receive equity"

unvested RSUs financial

"Includes 6,718 unvested RSUs, which vest in full on the date immediately prior"

contingent right financial

"Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share"

fully transferrable share financial

"receive one unrestricted, fully transferrable share for each vested RSU"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FLEX director William D. Watkins report?

William D. Watkins reported receiving 519 ordinary shares in Flex Ltd. as an equity grant. The award came via restricted share units and represents compensation for his board service during the first quarter of 2026 instead of taking cash fees.

How many FLEX shares does William D. Watkins hold after this Form 4?

After the April 15, 2026 grant, William D. Watkins directly owns 98,592 Flex ordinary shares. This figure includes shares from prior awards and the latest 519-share grant reported in this filing as part of his director compensation.

What are the terms of William D. Watkins’ 519-share FLEX equity award?

The 519-share equity award was granted as restricted share units for the period January 1 to March 31, 2026. It vested immediately upon grant, meaning Watkins gained full ownership of the underlying Flex ordinary shares on April 15, 2026.

How many unvested FLEX RSUs does William D. Watkins still have?

William D. Watkins holds 6,718 unvested restricted share units in Flex Ltd. These RSUs are scheduled to vest in full immediately before Flex’s 2026 annual general meeting, each converting into one unrestricted, fully transferable ordinary share upon vesting.

Why did William D. Watkins receive FLEX equity instead of cash compensation?

Watkins received equity under Flex’s Share Election Program, which lets directors choose shares instead of cash fees. The 519 RSUs granted for the first quarter of 2026 reflect that election and align his compensation more closely with the company’s share performance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 09:34 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WATKINS WILLIAM D

(Last) (First) (Middle)

C/O FLEXTRONICS INTERNATIONAL USA, INC.

12515-8 RESEARCH BLVD, SUITE 300

(Street)

AUSTIN TEXAS 78759

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FLEX LTD. [ FLEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	04/15/2026		A		519(1)	A	$0	98,592(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On April 15, 2026, the Reporting Person was awarded a total of 519 restricted share units ("RSUs") pursuant to the terms of the Issuer's Share Election Program whereby directors elect to receive equity in lieu of cash compensation and as approved by Issuer's Board of Directors and Shareholders on 7/24/2013 and 7/29/2013, respectively. The award was granted for the quarterly period from 01/01/2026 to 03/31/2026. The award vested immediately upon grant.

2. Includes 6,718 unvested RSUs, which vest in full on the date immediately prior to the date of Issuer's 2026 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.

Remarks:

	/s/ William D. Watkins, by Kristine Murphy as attorney-in-fact	04/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)