Flex (FLEX) CFO Kevin Krumm sells shares to cover tax withholding
Rhea-AI Filing Summary
Flex Ltd.'s Chief Financial Officer Kevin Krumm reported sales of company stock mainly to cover taxes on vesting equity awards. On January 7, 2026, he sold 21,166 Ordinary Shares at a weighted average price of $61.2231 per share and an additional 240 Ordinary Shares at a weighted average price of $61.66 per share, both coded as open-market sales. After these transactions, he directly beneficially owned 143,803 Ordinary Shares.
The holdings figure includes unvested restricted share units. These comprise 21,964 unvested RSUs scheduled to vest in three equal annual installments beginning on June 12, 2026, and 95,497 unvested RSUs scheduled to vest in two equal annual installments beginning on January 6, 2027. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share upon vesting, provided it is not forfeited.
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FAQ
What did FLEX CFO Kevin Krumm report in this Form 4 filing?
Kevin Krumm, the Chief Financial Officer of Flex Ltd., reported sales of Ordinary Shares on January 7, 2026 and disclosed his updated beneficial ownership, including unvested restricted share units.
How many Flex (FLEX) shares did Kevin Krumm sell on January 7, 2026?
On January 7, 2026, Kevin Krumm sold 21,166 Ordinary Shares at a weighted average price of $61.2231 per share and an additional 240 Ordinary Shares at a weighted average price of $61.66 per share.
Why were the FLEX shares sold by Kevin Krumm according to the Form 4?
The filing states that the sales represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units (RSUs).
How many Flex shares does Kevin Krumm own after the reported transactions?
Following the reported sales, Kevin Krumm beneficially owned 143,803 Ordinary Shares of Flex Ltd., held directly.
What unvested RSUs does Kevin Krumm hold in Flex Ltd.?
His holdings include 21,964 unvested RSUs that vest in three equal annual installments beginning on June 12, 2026, and 95,497 unvested RSUs that vest in two equal annual installments beginning on January 6, 2027.
What does each unvested RSU reported by Kevin Krumm represent?
Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU that has not been previously forfeited.