Flex (NASDAQ: FLEX) grants 7,164 RSUs to its EVP, General Counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OFFER DAVID SCOTT reported acquisition or exercise transactions in this Form 4 filing.
FLEX LTD. executive vice president and general counsel David Scott Offer reported receiving a grant of 7,164 unvested restricted share units (RSUs), each representing a right to receive one ordinary share when vested. These RSUs will vest in three equal annual installments beginning on June 11, 2027.
After this award, he beneficially owns 82,090 ordinary shares directly, including multiple blocks of unvested RSUs with vesting dates beginning on June 12, 2026 and June 14, 2026, and 7,164 RSUs vesting from June 11, 2027. He also holds 73,471 ordinary shares indirectly through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
OFFER DAVID SCOTT
Role
EVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 7,164 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 82,090 shares (Direct, null);
Ordinary Shares — 73,471 shares (Indirect, By Trust)
Footnotes (1)
- Consists of 7,164 unvested restricted share units ("RSUs"), which will vest in three equal annual installments beginning on June 11, 2027. Includes the following: (1) 18,768 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2026; (2) 20,071 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; (3) 14,574 unvested RSUs, which will vest on June 14, 2026; and 7,164 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 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
New RSU grant: 7,164 RSUs
Direct beneficial ownership: 82,090 ordinary shares
Indirect holdings via trust: 73,471 ordinary shares
+3 more
6 metrics
New RSU grant
7,164 RSUs
Unvested RSUs vesting in three equal annual installments from June 11, 2027
Direct beneficial ownership
82,090 ordinary shares
Total shares beneficially owned directly after the reported award
Indirect holdings via trust
73,471 ordinary shares
Ordinary shares held indirectly through a trust as of the filing
Unvested RSUs block 1
18,768 RSUs
Unvested RSUs vesting in two equal annual installments beginning June 12, 2026
Unvested RSUs block 2
20,071 RSUs
Unvested RSUs vesting in three equal annual installments beginning June 12, 2026
Unvested RSUs block 3
14,574 RSUs
Unvested RSUs vesting on June 14, 2026
Key Terms
restricted share units ("RSUs"), unvested RSUs, contingent right
3 terms
unvested RSUs financial
"Includes the following: (1) 18,768 unvested RSUs, which will vest in two equal annual installments..."
contingent right financial
"Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share..."
FAQ
What insider transaction did FLEX (FLEX) report for David Scott Offer?
FLEX reported that executive vice president and general counsel David Scott Offer received a grant of 7,164 unvested RSUs. Each RSU represents a right to receive one ordinary share if it vests and is not forfeited, reflecting equity-based compensation.
What are the vesting terms of the new 7,164 FLEX RSUs granted to Offer?
The 7,164 unvested RSUs granted to David Scott Offer will vest in three equal annual installments, beginning on June 11, 2027. Once vested and not forfeited, each RSU converts into one unrestricted, fully transferable FLEX ordinary share, aligning compensation with long-term service.
What other unvested FLEX RSUs does David Scott Offer hold besides the new grant?
In addition to the new 7,164-unit grant, Offer holds 18,768 unvested RSUs vesting in two equal annual installments beginning June 12, 2026, 20,071 unvested RSUs vesting in three equal annual installments beginning June 12, 2026, and 14,574 unvested RSUs vesting on June 14, 2026.