Flex Ltd. (FLEX) CCO granted 43,724 shares, sells 8,203 to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flex Ltd. Chief Commercial Officer Michael P. Hartung reported routine equity compensation activity. On June 16, 2026, he received a grant of 43,724 ordinary shares, tied to performance-based awards certified on that date. On June 15, 2026, he sold 8,203 shares at prices around $146–$150 solely to cover tax withholding obligations from restricted share unit vesting. After these transactions, he directly owns 275,826 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,203 shares ($1,214,097)
Net Sell
6 txns
Insider
Hartung Michael P
Role
Chief Commercial Officer
Sold
8,203 shs ($1.21M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 43,724 | $0.00 | -- |
| Sale | Ordinary Shares | 1,448 | $146.0719 | $212K |
| Sale | Ordinary Shares | 1,409 | $147.1295 | $207K |
| Sale | Ordinary Shares | 1,352 | $148.0064 | $200K |
| Sale | Ordinary Shares | 3,966 | $149.0131 | $591K |
| Sale | Ordinary Shares | 28 | $149.605 | $4K |
Holdings After Transaction:
Ordinary Shares — 275,826 shares (Direct, null)
Footnotes (1)
- 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"). Price reflects weighted average sales price; actual sales prices ranged from $145.484 to $146.48. 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 $146.51 to $147.50. 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 $147.53 to $148.529. 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 $148.53 to $149.52. 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. On June 14, 2023, the Reporting Person was awarded performance-based restricted share units ("PSUs") within a preset range, with the actual number contingent upon the achievement of a certain performance criterion with respect to the three-year performance period ending on June 14, 2026. The Issuer certified the achievement of the performance criterion on June 16, 2026, and the PSUs were subject to applicable taxes upon delivery. Includes the following: (1) 10,532 unvested RSUs, which will vest in two equal annual installments beginning on August 15, 2026; (2) 7,599 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 2027; (3) 9,384 unvested RSUs, which will vest on June 12, 2027; (4) 14,643 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2027; and (5) 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.
Key Figures
Shares granted: 43,724 ordinary shares
Shares sold for taxes: 8,203 ordinary shares
Sale prices: $147.13–$149.61 per share approx.
+2 more
5 metrics
Shares granted
43,724 ordinary shares
Grant/award acquisition on June 16, 2026
Shares sold for taxes
8,203 ordinary shares
Open-market sales on June 15, 2026 to cover tax withholding
Sale prices
$147.13–$149.61 per share approx.
Weighted average prices reported across five sale trades
Post-transaction holdings
275,826 ordinary shares
Direct ownership after June 16, 2026 grant
Net share change
35,521 shares
43,724 granted minus 8,203 sold in connection with RSU taxes
Key Terms
restricted share units ("RSUs"), performance-based restricted share units ("PSUs"), weighted average sales price, tax withholding obligations, +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 connection with the vesting of restricted share units"
three-year performance period financial
"achievement of a certain performance criterion with respect to the three-year performance period ending on June 14, 2026"
FAQ
What did FLEX CCO Michael P. Hartung report in this Form 4?
Michael P. Hartung reported a share grant and related tax sales. He received 43,724 ordinary shares and sold 8,203 shares to cover tax withholding tied to restricted share unit vesting.
What future FLEX RSU vesting does Michael P. Hartung have scheduled?
The filing notes unvested RSUs including 10,532 vesting in two installments from August 15, 2026 and other blocks vesting between June 2027 and September 25, 2027, each converting into one ordinary share upon vesting.