FLEX (FLEX) CEO logs 255K-share performance award and tax-related sales
Rhea-AI Filing Summary
FLEX LTD. Chief Executive Officer Revathi Advaithi reported a mix of share awards and sales. She received a grant of 255,062 Ordinary Shares at no cost on June 16, 2026, tied to performance-based restricted share units whose performance goal was certified that day.
On June 15, 2026, she sold a total of 39,239 Ordinary Shares in multiple open-market transactions at weighted average prices around $146–$150 per share to cover tax withholding obligations related to vesting restricted share units. After these transactions, she directly holds 821,345 Ordinary Shares and also has additional indirect holdings through a grantor retained annuity trust.
The position includes unvested restricted share units, with 54,739 scheduled to vest on June 12, 2027 and 63,117 vesting in two equal annual installments beginning on June 12, 2027. Each unvested RSU converts into one fully transferable share upon vesting if not forfeited.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 255,062 | $0.00 | -- |
| Sale | Ordinary Shares | 6,386 | $146.0032 | $932K |
| Sale | Ordinary Shares | 8,657 | $147.0596 | $1.27M |
| Sale | Ordinary Shares | 5,707 | $148.1389 | $845K |
| Sale | Ordinary Shares | 18,066 | $148.9881 | $2.69M |
| Sale | Ordinary Shares | 423 | $149.5548 | $63K |
| holding | Ordinary Shares | -- | -- | -- |
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 $145.485 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 $147.51 to $148.50. 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 $148.51 to $149.505. 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 $149.51 to $149.65. 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) 54,739 unvested RSUs, which will vest on June 12, 2027; and (2) 63,117 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. Shares held by a grantor retained annuity trust ("GRAT") of which the reporting person is the trustee.