Flex (FLEX) EVP sells 25,973 shares, receives 43,724-share award
Rhea-AI Filing Summary
FLEX LTD. executive David Scott Offer, EVP and General Counsel, reported tax-related share activity in Ordinary Shares. He sold a total of 25,973 shares on June 15–16, 2026 in open-market transactions at weighted average prices around $146–$149 per share, including sales from a trust, to cover tax withholding obligations tied to vesting restricted share units and performance-based units. The sales were executed under a pre-arranged Rule 10b5-1(c) trading plan adopted on February 11, 2026. On June 16, 2026, he also received a grant or award of 43,724 Ordinary Shares, bringing his directly held position to 118,591 shares, while retaining additional indirect holdings through a trust.
Positive
- None.
Negative
- None.
Insights
Routine tax-driven trades with offsetting stock award; limited signal.
EVP and General Counsel David Scott Offer reported selling 25,973 FLEX LTD. Ordinary Shares on June 15–16, 2026. Footnotes state these were to cover tax withholding on vested RSUs and PSUs, a mechanical obligation rather than a discretionary portfolio move.
On June 16, 2026, he also received 43,724 shares as a grant or award, increasing his direct holdings to 118,591 shares while maintaining additional unvested RSUs. The net picture is a compensation-related equity increase alongside tax-driven sales, not a directional bet on the stock.
The filing also notes a Rule 10b5-1(c) trading plan adopted on February 11, 2026, indicating the sales were pre-scheduled. This further reduces the informational value of the timing, making the overall impact of these transactions neutral for most investors.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 43,724 | $0.00 | -- |
| Sale | Ordinary Shares | 5,767 | $146.5894 | $845K |
| Sale | Ordinary Shares | 6,053 | $147.5026 | $893K |
| Sale | Ordinary Shares | 530 | $148.4472 | $79K |
| Sale | Ordinary Shares | 6,400 | $149.4491 | $956K |
| Sale | Ordinary Shares | 1,086 | $146.0006 | $159K |
| Sale | Ordinary Shares | 1,317 | $147.0053 | $194K |
| Sale | Ordinary Shares | 1,253 | $147.9369 | $185K |
| Sale | Ordinary Shares | 3,521 | $149.0109 | $525K |
| Sale | Ordinary Shares | 46 | $149.5991 | $7K |
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 $145.467 to $146.455. 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 $146.493 to $147.486. 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 $147.50 to $148.49. 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 $149.50. 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 purchase price; actual purchase prices ranged from $149.56 to $149.61. 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) 7,164 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; and (3) 13,381 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 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. These sales as reported in this Form 4 were effected pursuant to a Rule 10b5-1(c) trading plan adopted by the Reporting Person on February 11, 2026. Price reflects weighted average sales price; actual sales prices ranged from $146.00 to $146.9919. 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 $147.00 to $147.96. 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 $148.00 to $148.93. 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 $149.39 to $149.45. 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.