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Flex Ltd. (NASDAQ: FLEX) details $150,000 special RSU grant to director

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(Neutral)
Form Type
4

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.

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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)
  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 $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.
  3. 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.
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)
restricted share units financial
"awarded a total of 1,928 restricted share units ("RSUs") pursuant to the terms"
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.
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"
unrestricted, fully transferable share financial
"right to receive one unrestricted, fully transferable share for each vested RSU"

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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.
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*
Stevens Charles K. III

(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$047,354D
Ordinary Shares08/05/2026A1,230(2)A$048,584(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 $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.
3. 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.
Remarks:
/s/ Charles K. Stevens, III, 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)