Flex CEO shifts $4.38M in shares to family trust
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Rhea-AI Filing Summary
FLEX LTD. (FLEX) reported an insider restructuring transaction by Chief Executive Officer and director Revathi Advaithi. On August 18, 2026, she transferred 35,051 Ordinary Shares from her direct holdings to an irrevocable trust for her children in satisfaction of a $4,376,143.09 promissory note, a non-cash disposition reported under code J. Following this, she directly holds 117,857 Ordinary Shares, including unvested RSUs, and indirectly holds additional shares through grantor retained annuity trusts (GRATs) labeled GRAT, GRAT I, and GRAT II.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Ordinary Shares F1, F2, F3 | 35,051 | $0.00 | $0.00 |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares F4 | -- | -- | -- |
| holding | Ordinary Shares F5 | -- | -- | -- |
Footnotes (5)
- F1. Reflects a transfer by the Reporting Person of 35,051 directly owned ordinary shares to an irrevocable trust that was established for the benefit of the Reporting Person's children for which the Reporting Person is a grantor, in satisfaction of her obligations to such trust under a $4,376,143.09 promissory note.
- F2. Includes the following: (1) 54,739 unvested restricted share units ("RSUs"), which will vest on June 12, 2027; and (2) 63,117 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2027.
- F3. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
- F4. Reflects the transfer by the Reporting Person of 215,685 directly owned ordinary shares to a grantor retained annuity trust ("GRAT I"), which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.
- F5. Reflects the transfer by the Reporting Person of 215,685 directly owned ordinary shares to a grantor retained annuity trust ("GRAT II"), which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.
Key Figures
Key Terms
irrevocable trust financial
promissory note financial
grantor retained annuity trust ("GRAT") financial
Rule 16a-13 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FLEX (FLEX) report for CEO Revathi Advaithi?
What indirect FLEX (FLEX) holdings does Revathi Advaithi report through GRATs?
What do the unvested FLEX (FLEX) RSUs reported for Revathi Advaithi represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.