Flex Ltd. (FLEX) CCO sells 2,755 shares for RSU taxes
Rhea-AI Filing Summary
FLEX LTD. (FLEX) executive Michael P. Hartung, Chief Commercial Officer, reported selling a total of 2,755 Ordinary Shares on August 18, 2026 in multiple open-market transactions. A footnote states these sales were made to cover tax withholding obligations arising from the vesting of restricted share units (RSUs). Hartung continues to hold significant unvested RSUs scheduled to vest between June 11, 2027 and September 25, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,755 shares
Net Sell
5 txns
Insider
Hartung Michael P
Role
Chief Commercial Officer
Sold
2,755 shs ($332K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F1, F2 | 1,007 | $119.7946 | $121K |
| Sale | Ordinary Shares F1, F3 | 1,272 | $120.7425 | $154K |
| Sale | Ordinary Shares F1, F4 | 272 | $121.7611 | $33K |
| Sale | Ordinary Shares F1, F5 | 196 | $122.6007 | $24K |
| Sale | Ordinary Shares F1, F6, F7 | 8 | $123.248 | $985.98 |
Holdings After Transaction:
Ordinary Shares — 243,175 shares (Direct)
Footnotes (7)
- F1. The sales reported in this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units ("RSUs").
- F2. Price reflects weighted average sales price; actual sales prices ranged from $119.155 to $120.15. 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.
- F3. Price reflects weighted average sales price; actual sales prices ranged from $120.18 to $121.13. 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.
- F4. Price reflects weighted average sales price; actual sales prices ranged from $121.222 to $122.218. 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.
- F5. Price reflects weighted average sales price; actual sales prices ranged from $122.224 to $123.134. 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.
- F6. Includes the following: (1) 7,599 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 2027; (2) 9,384 unvested RSUs, which will vest on June 12, 2027; (3) 14,643 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2027; (4) 5,266 unvested RSUs, which will vest on August 15, 2027; and (5) 72,578 unvested RSUs, which will vest on September 25, 2027.
- F7. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
Key Figures
Total shares sold: 2,755 Ordinary Shares
Sale price (block 1): $119.7946 per share
Sale price (block 2): $120.7425 per share
+4 more
7 metrics
Total shares sold
2,755 Ordinary Shares
Aggregate shares sold by Michael P. Hartung on 2026-08-18 to cover tax withholding
Sale price (block 1)
$119.7946 per share
Weighted average price for 1,007 Ordinary Shares sold on 2026-08-18; actual prices $119.155–$120.15
Sale price (block 2)
$120.7425 per share
Weighted average price for 1,272 Ordinary Shares sold on 2026-08-18; actual prices $120.18–$121.13
Sale price (block 3)
$121.7611 per share
Weighted average price for 272 Ordinary Shares sold on 2026-08-18; actual prices $121.222–$122.218
Sale price (block 4)
$122.6007 per share
Weighted average price for 196 Ordinary Shares sold on 2026-08-18; actual prices $122.224–$123.134
Unvested RSUs tranche 1
7,599 RSUs
Unvested RSUs scheduled to vest in three equal annual installments beginning on June 11, 2027
Unvested RSUs tranche 2
72,578 RSUs
Unvested RSUs scheduled to vest on September 25, 2027; each RSU convertible into one share
Key Terms
restricted share units ("RSUs"), weighted average sales price, tax withholding obligations, contingent right, +1 more
5 terms
weighted average sales price financial
"Price reflects weighted average sales price; actual sales prices ranged from"
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in"
contingent right financial
"Each unvested RSU represents a contingent right to receive one unrestricted"
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What did FLEX (FLEX) executive Michael P. Hartung report in this Form 4?
Michael P. Hartung reported selling 2,755 Ordinary Shares of FLEX LTD. on August 18, 2026 in a series of open-market transactions. The filing states these sales were to cover tax withholding obligations from the vesting of restricted share units (RSUs).
Were Michael P. Hartung’s FLEX (FLEX) sales under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and no footnote describes a trading plan. The filing therefore does not identify these transactions as being executed pursuant to a Rule 10b5-1 trading plan.
What unvested RSUs does Michael P. Hartung still hold in FLEX (FLEX)?
A footnote reports Hartung holds unvested RSUs including 7,599, 9,384, 14,643, 5,266, and 72,578 RSUs, scheduled to vest between June 11, 2027 and September 25, 2027. Each RSU represents a contingent right to one Ordinary Share upon vesting.
Who is the reporting person in this FLEX (FLEX) Form 4 and what is his role?
The reporting person is Michael P. Hartung, identified as the Chief Commercial Officer of FLEX LTD. He is reported as an officer, not a director or ten percent owner, and the transactions involve his direct ownership of Ordinary Shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.