Flex Ltd. (FLEX) grants director 2,338 unvested restricted share units
Rhea-AI Filing Summary
HURLSTON MICHAEL E. reported acquisition or exercise transactions in this Form 4 filing.
Flex Ltd. director Michael E. Hurlston received equity awards on August 5, 2026. He was granted 1,928 restricted share units as his annual non-employee director award and a one-time special RSU grant valued at $50,000, equal to 410 RSUs. All RSUs vest in full immediately before Flex's 2027 annual general meeting, leaving him with 2,338 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,338 shares
Net Buy
2 txns
Insider
HURLSTON MICHAEL E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares F1 | 1,928 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F2, F3 | 410 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 61,696 shares (Direct)
Footnotes (3)
- F1. On August 5, 2026, the Reporting Person was awarded a total of 1,928 restricted share units ("RSUs") pursuant to the terms of the annual equity award to Non-Employee Directors under the Issuer's Amended and Restated 2017 Equity Incentive Plan as more fully described in the section titled "Fiscal Year 2026 Non-Employee Directors' Compensation" beginning on page 24 of the Issuer's Proxy Statement filed with the SEC on June 24, 2026. Each RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited. The award shall vest in full on the date immediately prior to the date of the Issuer's 2027 annual general meeting.
- F2. On August 5, 2026, the Reporting Person received a one-time special compensation equity award consisting of RSUs having an aggregate value of $50,000 which shall vest in full on the date immediately prior to the date of the Issuer's 2027 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.
- F3. Includes 2,338 unvested RSUs, which shall vest in full on the date immediately prior to the date of the Issuer's 2027 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.
Key Figures
Annual RSU award: 1,928 restricted share units
Special RSU grant shares: 410 Ordinary Shares
Special RSU grant value: $50,000
+2 more
5 metrics
Annual RSU award
1,928 restricted share units
Annual equity award to non-employee directors granted August 5, 2026
Special RSU grant shares
410 Ordinary Shares
One-time special compensation equity award granted August 5, 2026
Special RSU grant value
$50,000
Aggregate value of one-time special RSU award vesting before 2027 AGM
Total unvested RSUs
2,338 unvested RSUs
Unvested RSUs scheduled to vest immediately before the 2027 annual general meeting
Grant date
August 5, 2026
Date on which both RSU awards were granted
Key Terms
restricted share units, Amended and Restated 2017 Equity Incentive Plan, Non-Employee Directors' Compensation, annual general meeting
4 terms
Amended and Restated 2017 Equity Incentive Plan financial
"under the Issuer's Amended and Restated 2017 Equity Incentive Plan as"
Non-Employee Directors' Compensation financial
"section titled "Fiscal Year 2026 Non-Employee Directors' Compensation" beginning"
annual general meeting financial
"vest in full on the date immediately prior to the date of the Issuer's 2027 annual general meeting"
FAQ
What equity awards did FLEX director Michael E. Hurlston receive on August 5, 2026?
Michael E. Hurlston received 1,928 restricted share units as his annual non-employee director award and an additional special RSU grant equivalent to 410 shares, tied to an aggregate value of $50,000, all granted on August 5, 2026.
What is the vesting schedule for Michael E. Hurlston's FLEX RSU awards?
Both RSU awards to Michael E. Hurlston vest in full immediately before FLEX's 2027 annual general meeting. Each vested RSU delivers one unrestricted, fully transferable ordinary share, provided the unit has not been forfeited prior to the vesting date.
What is the value of the one-time special RSU award granted to FLEX director Michael E. Hurlston?
The one-time special compensation equity award to Michael E. Hurlston has an aggregate value of $50,000. It consists of RSUs that vest in full immediately before FLEX's 2027 annual general meeting, with each vested RSU converting into one unrestricted ordinary share.
Under which compensation plan was Michael E. Hurlston's FLEX annual RSU award granted?
The 1,928 RSU annual award to Michael E. Hurlston was granted under FLEX's Amended and Restated 2017 Equity Incentive Plan as the annual equity award to non-employee directors, described in the "Fiscal Year 2026 Non-Employee Directors' Compensation" section.
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