Flex (FLEX) CAO granted 9,716 shares, sells 3,819 for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FLEX LTD. Chief Accounting Officer Daniel Wendler reported both an equity award and related share sales. On May 8, 2026, he acquired 9,716 Ordinary Shares at $0.00 per share from the vesting of performance-based restricted share units tied to a three-year period ending March 31, 2026. On May 11, 2026, he sold a total of 3,819 Ordinary Shares in multiple open-market transactions, with weighted average prices reported between approximately $138.19 and $144.77, to cover tax withholding obligations arising from this vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,819 shares ($543,791)
Net Sell
8 txns
Insider
WENDLER DANIEL
Role
Chief Accounting Officer
Sold
3,819 shs ($544K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 312 | $138.5957 | $43K |
| Sale | Ordinary Shares | 335 | $139.7618 | $47K |
| Sale | Ordinary Shares | 414 | $140.6742 | $58K |
| Sale | Ordinary Shares | 234 | $141.837 | $33K |
| Sale | Ordinary Shares | 1,081 | $142.9077 | $154K |
| Sale | Ordinary Shares | 996 | $143.827 | $143K |
| Sale | Ordinary Shares | 447 | $144.4416 | $65K |
| Grant/Award | Ordinary Shares | 9,716 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 37,023 shares (Direct, null)
Footnotes (1)
- On June 14, 2023, the Reporting Person was awarded performance-based restricted share units ("PSUs") within a preset range, with the actual number contingent upon the achievement of a certain performance criterion with respect to the three-year performance period ending on March 31, 2026. The Issuer certified the achievement of the performance criterion, and the PSUs fully vested, on May 8, 2026, and were subject to applicable taxes upon delivery. The sales reported in this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of PSUs. Price reflects weighted average sales price; actual sales prices ranged from $138.185 to $139.144. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price. Price reflects weighted average sales price; actual sales prices ranged from $139.198 to $140.179. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price. Price reflects weighted average sales price; actual sales prices ranged from $140.25 to $141.115. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price. Price reflects weighted average sales price; actual sales prices ranged from $141.281 to $142.218. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price. Price reflects weighted average sales price; actual sales prices ranged from $142.299 to $143.294. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price. Price reflects weighted average sales price; actual sales prices ranged from $143.308 to $144.305. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price. Price reflects weighted average sales price; actual sales prices ranged from $144.32 to $144.765. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price. Includes the following: (1) 4,484 unvested restricted share units ("RSUs"), which will vest in two equal annual installments beginning on June 12, 2026; (2) 5,164 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; and (3) 3,238 unvested RSUs, which will vest on June 14, 2026. 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
Performance share vesting: 9,716 Ordinary Shares at $0.00
Shares sold: 3,819 Ordinary Shares
Highest weighted average sale price: $144.4416 per share
+5 more
8 metrics
Performance share vesting
9,716 Ordinary Shares at $0.00
Award vested on May 8, 2026 from PSUs
Shares sold
3,819 Ordinary Shares
Open-market sales on May 11, 2026
Highest weighted average sale price
$144.4416 per share
One of several May 11, 2026 sale tranches
Lowest weighted average sale price
$138.5957 per share
One of several May 11, 2026 sale tranches
Price range from footnotes
$138.185–$144.765 per share
Actual sale prices across reported transactions
Unvested RSUs (first grant)
4,484 RSUs
Vest in two annual installments beginning June 12, 2026
Unvested RSUs (second grant)
5,164 RSUs
Vest in three annual installments beginning June 12, 2026
Unvested RSUs (third grant)
3,238 RSUs
Vest on June 14, 2026
Key Terms
performance-based restricted share units, PSUs, restricted share units ("RSUs"), weighted average sales price, +1 more
5 terms
PSUs financial
"The Issuer certified the achievement of the performance criterion, and the PSUs fully vested"
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
weighted average sales price financial
"Price reflects weighted average sales price; actual sales prices ranged"
contingent right financial
"Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share"
FAQ
What insider transactions did FLEX (FLEX) report for Daniel Wendler?
FLEX reported that Chief Accounting Officer Daniel Wendler received 9,716 Ordinary Shares from vested performance-based units, then sold 3,819 shares in open-market trades to cover tax withholding obligations related to that vesting.
What performance period applied to the FLEX (FLEX) performance-based units?
The performance-based restricted share units covered a three-year performance period ending on March 31, 2026. The issuer certified achievement of the performance criterion, and the units fully vested, on May 8, 2026.
Does the FLEX (FLEX) CAO still hold unvested RSUs after these transactions?
Yes. Footnotes state he holds unvested restricted share units totaling 4,484, 5,164, and 3,238 units, scheduled to vest in installments beginning June 12, 2026, and on June 14, 2026, with each unit representing one future share.