Flex CCO granted shares, sells some for taxes
Flex Ltd. Chief Commercial Officer Michael P. Hartung reported routine equity compensation activity.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 43,724 | $0.00 | $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 |
Footnotes (8)
- 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 $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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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
Key Terms
weighted average sales price financial
tax withholding obligations financial
three-year performance period financial
FAQ
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What did FLEX CCO Michael P. Hartung report in this Form 4?
What future FLEX RSU vesting does Michael P. Hartung have scheduled?
AI-generated analysis. How Rhea-AI works. Not financial advice.