Flex CAO sells shares to cover RSU taxes
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Rhea-AI Filing Summary
FLEX LTD. Chief Accounting Officer Daniel Wendler reported routine equity compensation and related tax sales. On June 16, 2026 he received a grant of 9,716 ordinary shares at no cost. On June 15, 2026 he sold a total of 1,579 shares around the mid‑$140s solely to cover tax withholding on vested RSUs. After these transactions, he directly owns 43,133 ordinary shares, plus unvested RSUs and PSUs that may settle in additional shares over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 9,716 | $0.00 | $0.00 |
| Sale | Ordinary Shares | 302 | $144.0933 | $44K |
| Sale | Ordinary Shares | 323 | $147.2295 | $48K |
| Sale | Ordinary Shares | 348 | $148.4199 | $52K |
| Sale | Ordinary Shares | 606 | $149.1866 | $90K |
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 $145.72 to $146.635. 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 $146.72 to $147.70. 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 $147.74 to $148.70. 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 $148.76 to $149.57. 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) 1,480 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 2027; (2) 2,242 unvested RSUs, which will vest on June 12, 2027; and (3) 3,443 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 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
tax withholding obligations financial
weighted average sales price financial
three-year performance period financial
FAQ
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What insider transactions did FLEX (FLEX) report for Daniel Wendler?
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