FLEX (FLEX) CEO logs PSU vesting, tax-driven share sales and GRAT transfer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FLEX LTD. Chief Executive Officer Revathi Advaithi reported several equity transactions involving the company’s ordinary shares. On May 8, 2026, she received a grant of 255,062 performance-based restricted share units (PSUs), which fully vested after the issuer certified performance for a three-year period ending March 31, 2026.
On May 11, 2026, she sold an aggregate of 114,090 ordinary shares in multiple open-market transactions at weighted average prices between roughly $137.79 and $144.82. Footnotes state these sales were made solely to cover tax withholding obligations related to the PSU vesting, rather than discretionary share sales.
The filing also notes a transfer of 815,262 directly owned ordinary shares into a grantor retained annuity trust (GRAT), described as exempt from Section 16 under Rule 16a-13. After these transactions, Advaithi continues to hold a substantial direct stake along with significant unvested RSUs scheduled to vest between June 2026 and June 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 114,090 shares ($16,242,470)
Net Sell
10 txns
Insider
Advaithi Revathi
Role
Chief Executive Officer
Sold
114,090 shs ($16.24M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 6,200 | $138.4236 | $858K |
| Sale | Ordinary Shares | 8,665 | $139.3175 | $1.21M |
| Sale | Ordinary Shares | 12,013 | $140.2616 | $1.68M |
| Sale | Ordinary Shares | 8,589 | $141.1286 | $1.21M |
| Sale | Ordinary Shares | 13,770 | $142.4088 | $1.96M |
| Sale | Ordinary Shares | 37,381 | $143.2718 | $5.36M |
| Sale | Ordinary Shares | 27,420 | $144.2669 | $3.96M |
| Sale | Ordinary Shares | 52 | $144.815 | $8K |
| Grant/Award | Ordinary Shares | 255,062 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 796,912 shares (Direct, null);
Ordinary Shares — 815,262 shares (Indirect, By GRAT)
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 $137.785 to $138.765. 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. Price reflects weighted average sales price; actual sales prices ranged from $138.79 to $139.78. 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 $139.79 to $140.785. 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 $140.79 to $141.78. 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 $141.795 to $142.79. 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 $142.81 to $143.80. 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 $143.815 to $144.79. 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) 109,478 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2026; (2) 94,675 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; and (3) 85,021 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. Reflects the transfer by the Reporting Person of 815,262 directly owned ordinary shares to a grantor retained annuity trust ("GRAT"), which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.
Key Figures
Shares sold for tax withholding: 114,090 shares
PSUs vested: 255,062 units
GRAT transfer: 815,262 shares
+5 more
8 metrics
Shares sold for tax withholding
114,090 shares
Aggregate ordinary shares sold on May 11, 2026
PSUs vested
255,062 units
Performance-based RSUs fully vested on May 8, 2026
GRAT transfer
815,262 shares
Ordinary shares moved to a grantor retained annuity trust
Highest reported sale price
$144.815 per share
One tranche of May 11, 2026 open-market sales
Lowest reported sale range
$137.785–$138.765
Weighted average price range in one sale tranche
Unvested RSUs (first tranche)
109,478 RSUs
Scheduled to vest in two equal installments starting June 12, 2026
Unvested RSUs (second tranche)
94,675 RSUs
To vest in three equal installments beginning June 12, 2026
Unvested RSUs (third tranche)
85,021 RSUs
To vest on June 14, 2026
Key Terms
performance-based restricted share units ("PSUs"), tax withholding obligations, grantor retained annuity trust ("GRAT"), unvested RSUs, +1 more
5 terms
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of PSUs"
grantor retained annuity trust ("GRAT") financial
"transfer by the Reporting Person of 815,262 directly owned ordinary shares to a grantor retained annuity trust ("GRAT")"
unvested RSUs financial
"Includes the following: (1) 109,478 unvested RSUs, which will vest in two equal annual installments"
Section 16 regulatory
"which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
