Flex Ltd. (NASDAQ: FLEX) details $150,000 special RSU grant to director
Rhea-AI Filing Summary
Stevens Charles K. III reported acquisition or exercise transactions in this Form 4 filing.
Flex Ltd. director Charles K. Stevens III reported receiving two equity awards on August 5, 2026: 1,928 restricted share units as his annual non-employee director grant and 1,230 RSUs as a one-time special award valued at $150,000. Each RSU represents a right to one ordinary share upon vesting, and his holdings include 3,158 unvested RSUs scheduled to vest in full immediately before Flex’s 2027 annual general meeting.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 3,158 shares
Net Buy
2 txns
Insider
Stevens Charles K. III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares F1 | 1,928 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F2, F3 | 1,230 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 48,584 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 $150,000 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 3,158 unvested RSUs, which will 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 director RSU grant: 1928 RSUs
Special RSU award units: 1230 RSUs
Special RSU award value: $150,000
+2 more
5 metrics
Annual director RSU grant
1928 RSUs
Restricted share units awarded on August 5, 2026 as annual non-employee director equity grant
Special RSU award units
1230 RSUs
One-time special compensation equity award granted on August 5, 2026
Special RSU award value
$150,000
Aggregate value of one-time special RSU award vesting before 2027 annual general meeting
Unvested RSUs after grants
3,158 RSUs
Unvested RSUs scheduled to vest in full immediately prior to the 2027 annual general meeting
RSU grant price per share
$0.0000
Reported price per ordinary share for both RSU acquisitions (compensation, not purchases)
Key Terms
restricted share units, Non-Employee Directors, Amended and Restated 2017 Equity Incentive Plan, unrestricted, fully transferable share
4 terms
Non-Employee Directors financial
"annual equity award to Non-Employee Directors under the Issuer's Amended"
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
Amended and Restated 2017 Equity Incentive Plan financial
"under the Issuer's Amended and Restated 2017 Equity Incentive Plan as more"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Flex (FLEX) director Charles K. Stevens III receive on August 5, 2026?
Charles K. Stevens III received 1,928 RSUs as Flex’s annual non-employee director grant and a separate 1,230-unit special RSU award valued at $150,000. Both grants are equity compensation, not open-market share purchases.
What is the vesting schedule for the new RSU awards reported by Flex (FLEX)?
Both RSU awards to the Flex (FLEX) director vest in full on the date immediately prior to the company’s 2027 annual general meeting. After vesting, each RSU delivers one unrestricted, fully transferable ordinary share.
How many unvested RSUs does the Flex (FLEX) director now hold after these grants?
Following the reported awards, the director’s holdings include 3,158 unvested RSUs. These RSUs are scheduled to vest in full immediately before Flex’s 2027 annual general meeting, subject to the plan’s usual forfeiture conditions.
Are the reported Flex (FLEX) transactions market purchases or compensation grants?
The Form 4 for Flex (FLEX) shows code A transactions at a $0.00 price, indicating compensation-related RSU grants, not open-market purchases. They were awarded under Flex’s Amended and Restated 2017 Equity Incentive Plan.
What does each RSU granted to the Flex (FLEX) director represent?
Each RSU represents a contingent right to receive one unrestricted, fully transferable ordinary share of Flex (FLEX) upon vesting, provided the unit has not been previously forfeited under the terms of the company’s equity incentive plan.