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Flex Ltd. (FLEX) director receives 316 RSUs in lieu of cash fees

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 award of 316 restricted share units (RSUs) on July 15, 2026 under the company’s Share Election Program, in lieu of cash compensation for service from April 1 to June 30, 2026. The RSUs vested immediately upon grant.

After this award, he directly holds 98,908 ordinary shares, including 6,718 unvested RSUs that vest in full immediately before Flex’s 2026 annual general meeting, with each RSU delivering one unrestricted, fully transferable share.

Positive

  • None.

Negative

  • None.
Insider WATKINS WILLIAM D
Role Director
Type Security Shares Price Value
Grant/Award Ordinary Shares 316 $0.00 --
Holdings After Transaction: Ordinary Shares — 98,908 shares (Direct)
Footnotes (1)
  1. On July 15, 2026, the Reporting Person was awarded a total of 316 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 04/01/2026 to 06/30/2026. The award vested immediately upon grant. 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.
RSUs granted 316 restricted share units Awarded to William D. Watkins on July 15, 2026 for 04/01/2026-06/30/2026 service
Holdings after grant 98,908 shares Direct ordinary share holdings of William D. Watkins following the RSU award
Unvested RSUs 6,718 restricted share units Unvested RSUs vest in full immediately prior to Flex’s 2026 annual general meeting
restricted share units financial
"the Reporting Person was awarded a total of 316 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"
contingent right financial
"Each unvested RSU represents a contingent right to receive one unrestricted"

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What equity award did FLEX director William D. Watkins receive in this Form 4?
William D. Watkins received an award of 316 restricted share units (RSUs) as a director of Flex Ltd. The grant was made under Flex’s Share Election Program, where directors choose equity instead of cash fees for the April–June 2026 service period.

How many FLEX shares does William D. Watkins hold after the July 15, 2026 RSU grant?
Following the grant, William D. Watkins directly holds 98,908 ordinary shares of Flex Ltd. This total includes both common shares and RSUs, reflecting his updated direct equity stake reported after the July 15, 2026 award.

How many unvested FLEX RSUs does William D. Watkins have, and when do they vest?
Watkins holds 6,718 unvested RSUs in Flex Ltd. These unvested RSUs vest in full on the date immediately prior to Flex’s 2026 annual general meeting, at which point each RSU converts into one unrestricted, fully transferable ordinary share.

Did the 316 FLEX RSUs granted to William D. Watkins vest immediately?
Yes. The 316 RSUs granted to William D. Watkins on July 15, 2026 vested immediately upon grant. The award compensates him for board service during the April 1 to June 30, 2026 period under Flex’s equity-in-lieu-of-cash program.

What is Flex Ltd.’s Share Election Program mentioned in the FLEX Form 4?
Flex’s Share Election Program allows directors to elect to receive equity instead of cash compensation. Watkins’ 316 RSU award was issued pursuant to this program, previously approved by Flex’s board of directors and shareholders in July 2013.

What does each unvested RSU reported for FLEX represent for William D. Watkins?
Each unvested RSU represents a contingent right to receive one ordinary share of Flex Ltd. Upon vesting, every RSU converts into one unrestricted, fully transferable share, provided it has not been previously forfeited under the plan’s terms.
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Ordinary Shares07/15/2026A316(1)A$098,908(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On July 15, 2026, the Reporting Person was awarded a total of 316 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 04/01/2026 to 06/30/2026. 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-fact07/17/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR