Flex Ltd. COO's Stock Sale Limited to Tax Coverage, Retains 276K Shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flex Ltd (FLEX) Chief Operating Officer Tan Kwang Hooi reported insider transactions on June 17, 2025. The executive sold a total of 8,509 ordinary shares in two transactions:
- 8,136 shares at weighted average price of $44.9785 (range: $44.591-$45.577)
- 373 shares at weighted average price of $45.7063 (range: $45.65-$45.75)
The sales were specifically to cover tax withholding obligations related to vesting restricted share units (RSUs). Following these transactions, the COO holds 276,136 shares, including significant unvested RSUs:
- 23,981 RSUs vesting in two annual installments from June 2026
- 21,964 RSUs vesting in three annual installments from June 2026
- 16,195 RSUs vesting June 2026
- 72,578 RSUs vesting September 2027
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,509 shares ($382,994)
Net Sell
2 txns
Insider
Tan Kwang Hooi
Role
Chief Operating Officer
Sold
8,509 shs ($383K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 8,136 | $44.9785 | $366K |
| Sale | Ordinary Shares | 373 | $45.7063 | $17K |
Holdings After Transaction:
Ordinary Shares — 276,509 shares (Direct)
Footnotes (1)
- The sales reported in this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units ("RSUs"). Price reflects weighted average sales price; actual sales prices ranged from $44.591 to $45.577. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price. Price reflects weighted average sales price; actual sales prices ranged from $45.65 to $45.75. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price. Includes the following: (1) 23,981 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2026; (2) 21,964 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; (3) 16,195 unvested RSUs, which will vest on June 14, 2026; and (4) 72,578 unvested RSUs, which will vest on September 25, 2027. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.