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Flex Ltd. (FLEX) grants director 2,338 unvested restricted share units

(Neutral)
(Neutral)
Form Type
4

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 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)
  1. 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.
  2. 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.
  3. 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.
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
restricted share units financial
"awarded a total of 1,928 restricted share units ("RSUs") pursuant"
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.
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.

How many restricted share units does FLEX director Michael E. Hurlston now hold unvested?

After the August 5, 2026 awards, Michael E. Hurlston holds 2,338 unvested restricted share units. This total includes the 1,928 RSUs from the annual director grant and the 410 RSUs from the one-time special compensation equity award.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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*
HURLSTON MICHAEL E.

(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)
08/05/2026
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 Shares08/05/2026A1,928(1)A$061,286D
Ordinary Shares08/05/2026A410(2)A$061,696(3)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 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.
2. 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.
3. 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.
Remarks:
/s/ Michael E. Hurlston, by Donald T. Rozak, Jr. as attorney-in-fact08/07/2026
** 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.
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* Form 4: SEC 1474 (03-26)