Flex Ltd. (FLEX) director granted 337 RSUs in lieu of cash for Q4 fees

Rhea-AI Filing Summary

Flex Ltd. director Michael E. Hurlston reported an equity award of 337 restricted share units (RSUs) on January 15, 2026. The RSUs were granted at a price of $0 under Flex’s Share Election Program, where directors choose to receive equity instead of cash fees. This grant covered the quarterly service period from October 1, 2025 to December 31, 2025 and vested in full immediately upon grant.

Following this award, Hurlston directly beneficially owns 58,898 ordinary shares of Flex. This figure includes 4,713 unvested RSUs, which are scheduled to vest in full on the date immediately before Flex’s 2026 annual general meeting, with each RSU converting into one unrestricted, fully transferable share when vested and not forfeited.

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

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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^*

HURLSTON MICHAEL E.

(Last) (First) (Middle)

C/O FLEXTRONICS INTERNATIONAL USA, INC.

12515-8 RESEARCH BLVD, SUITE 300

(Street)

AUSTIN TX 78759

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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

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

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

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	01/15/2026		A		337(1)	A	$0	58,898(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 January 15, 2026, the Reporting Person was awarded a total of 337 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 10/01/2025 to 12/31/2025. The award vested immediately upon grant.

2. Includes 4,713 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/ Michael E. Hurlston, by Kristine Murphy as attorney-in-fact	01/16/2026
	** 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.

FAQ

What insider transaction did Flex (FLEX) report in this Form 4?

The filing reports that director Michael E. Hurlston received an award of 337 restricted share units (RSUs) of Flex Ltd. on January 15, 2026.

How were the 337 RSUs granted to Michael E. Hurlston at Flex (FLEX)?

The 337 RSUs were granted at a price of $0 under Flex’s Share Election Program, which allows directors to receive equity in lieu of cash compensation.

What service period does Michael E. Hurlston’s RSU award at Flex cover?

The RSU award was granted for the quarterly period from October 1, 2025 to December 31, 2025, reflecting Hurlston’s board service during that time.

When did the newly granted RSUs to Flex director Michael E. Hurlston vest?

The 337 RSUs awarded on January 15, 2026 vested immediately upon grant, meaning they became fully vested as of the grant date.

How many Flex shares does Michael E. Hurlston own after this RSU grant?

After the reported transaction, Hurlston directly beneficially owns 58,898 ordinary shares of Flex Ltd., including certain unvested RSUs.

What unvested RSUs does Michael E. Hurlston still hold at Flex and when do they vest?

His holdings include 4,713 unvested RSUs, which are scheduled to vest in full on the date immediately prior to Flex’s 2026 annual general meeting, each converting into one unrestricted, fully transferable share if not forfeited.