[Form 4] FLEX LTD. Insider Trading Activity
Rhea-AI Filing Summary
FLEX LTD. Chief Commercial Officer Michael P. Hartung reported compensation-related share activity tied to performance awards and tax obligations. On May 8, 2026, he acquired 43,724 Ordinary Shares at $0.00 per share as a grant when performance-based restricted share units (PSUs) for a three-year period ending March 31, 2026 fully vested.
On May 11, 2026, he then sold 22,216 Ordinary Shares in multiple open-market transactions at weighted average prices between $138.6516 and $144.4482 per share. A footnote states these sales were made solely to cover tax withholding obligations arising from the PSU vesting. After these transactions, he directly held 232,706 Ordinary Shares, along with substantial unvested restricted share units scheduled to vest between 2026 and 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,620 | $138.6516 | $225K |
| Sale | Ordinary Shares | 2,160 | $139.6675 | $302K |
| Sale | Ordinary Shares | 2,129 | $140.5852 | $299K |
| Sale | Ordinary Shares | 1,888 | $141.4893 | $267K |
| Sale | Ordinary Shares | 5,260 | $142.9357 | $752K |
| Sale | Ordinary Shares | 6,623 | $143.7609 | $952K |
| Sale | Ordinary Shares | 2,536 | $144.4482 | $366K |
| Grant/Award | Ordinary Shares | 43,724 | $0.00 | -- |
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 $138.11 to $139.08. 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 $139.11 to $140.07. 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 $140.12 to $141.11. 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 $141.12 to $141.85. 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 $142.28 to $143.26. 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 $143.28 to $144.265. 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 $144.286 to $144.80. 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. Includes the following: (1) 18,768 unvested restricted share units ("RSUs"), which will vest in two equal annual installments beginning on June 12, 2026; (2) 21,964 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; (3) 14,574 unvested RSUs, which will vest on June 14, 2026; (4) 10,532 unvested RSUs, which will vest in two equal annual installments beginning on August 15, 2026; and (5) 72,578 unvested RSUs, which will vest on September 25, 2027. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.