STOCK TITAN

Flex (FLEX) CCO sells 29,896 shares to cover RSU tax obligations

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

FLEX LTD. Chief Commercial Officer Michael P. Hartung reported open-market sales of a total of 29,896 ordinary shares on June 17–18, 2026. The footnotes state these sales were made to cover tax withholding obligations tied to the vesting of performance-based restricted share units and other RSUs, rather than discretionary portfolio trading. Hartung also continues to hold multiple blocks of unvested RSUs scheduled to vest between August 2026 and September 2027.

Positive

  • None.

Negative

  • None.
Insider Hartung Michael P
Role Chief Commercial Officer
Sold 29,896 shs ($4.32M)
Type Security Shares Price Value
Sale Ordinary Shares 2,368 $144.8894 $343K
Sale Ordinary Shares 4,801 $145.3579 $698K
Sale Ordinary Shares 100 $146.26 $15K
Sale Ordinary Shares 553 $141.776 $78K
Sale Ordinary Shares 4,900 $143.181 $702K
Sale Ordinary Shares 5,118 $144.1936 $738K
Sale Ordinary Shares 10,949 $145.1949 $1.59M
Sale Ordinary Shares 1,107 $145.7725 $161K
Holdings After Transaction: Ordinary Shares — 250,831 shares (Direct, null)
Footnotes (1)
  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 performance-based restricted share units. Price reflects weighted average sales price; actual sales prices ranged from $141.64 to $142.639. 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 $142.64 to $143.634. 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 $143.64 to $144.635. 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. Price reflects weighted average sales price; actual sales prices ranged from $144.64 to $145.637. 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 $145.65 to $146.20. 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. 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 $144.08 to $145.075. 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 $145.08 to $146.06. 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. Includes the following: (1) 10,532 unvested RSUs, which will vest in two equal annual installments beginning on August 15, 2026; (2) 7,599 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 2027; (3) 9,384 unvested RSUs, which will vest on June 12, 2027; (4) 14,643 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2027; and (5) 72,578 unvested RSUs, which will vest on September 25, 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.
Ordinary shares sold 29,896 shares Total open-market sales on June 17–18, 2026
Sale price range $141.64–$146.20 per share Actual prices across reported FLEX share sales
Unvested RSUs block 1 10,532 RSUs Unvested RSUs vesting in two equal annual installments beginning August 15, 2026
Unvested RSUs block 2 7,599 RSUs Unvested RSUs vesting in three equal annual installments beginning June 11, 2027
Largest RSU grant 72,578 RSUs Unvested RSUs vesting on September 25, 2027
performance-based restricted share units financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of performance-based restricted share units"
Performance-based restricted share units are promises to give company stock to employees or executives only if the business hits specified targets, such as revenue, profit or stock performance; think of them as a bonus paid in shares that only vests when certain goals are met. They matter to investors because they align management incentives with shareholder outcomes, can dilute share count when paid out, and reveal how leadership is being rewarded and what milestones the company expects to reach.
restricted share units ("RSUs") financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units ("RSUs")"
weighted average sales price financial
"Price reflects weighted average sales price; actual sales prices ranged from"
unvested RSUs financial
"Includes the following: (1) 10,532 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"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hartung Michael P

(Last)(First)(Middle)
C/O FLEXTRONICS INTERNATIONAL USA, INC.
12515-8 RESEARCH BLVD, SUITE 300

(Street)
AUSTIN TEXAS 78759

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
FLEX LTD. [ FLEX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Commercial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares06/17/2026S(1)553D$141.776(2)275,273D
Ordinary Shares06/17/2026S(1)4,900D$143.181(3)270,373D
Ordinary Shares06/17/2026S(1)5,118D$144.1936(4)265,255D
Ordinary Shares06/17/2026S(1)10,949D$145.1949(5)254,306D
Ordinary Shares06/17/2026S(1)1,107D$145.7725(6)253,199D
Ordinary Shares06/18/2026S(7)2,368D$144.8894(8)250,831D
Ordinary Shares06/18/2026S(7)4,801D$145.3579(9)246,030D
Ordinary Shares06/18/2026S(7)100D$146.26245,930(10)(11)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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 performance-based restricted share units.
2. Price reflects weighted average sales price; actual sales prices ranged from $141.64 to $142.639. 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.
3. Price reflects weighted average sales price; actual sales prices ranged from $142.64 to $143.634. 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.
4. Price reflects weighted average sales price; actual sales prices ranged from $143.64 to $144.635. 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.
5. Price reflects weighted average sales price; actual sales prices ranged from $144.64 to $145.637. 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.
6. Price reflects weighted average sales price; actual sales prices ranged from $145.65 to $146.20. 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.
7. 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").
8. Price reflects weighted average sales price; actual sales prices ranged from $144.08 to $145.075. 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.
9. Price reflects weighted average sales price; actual sales prices ranged from $145.08 to $146.06. 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.
10. Includes the following: (1) 10,532 unvested RSUs, which will vest in two equal annual installments beginning on August 15, 2026; (2) 7,599 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 2027; (3) 9,384 unvested RSUs, which will vest on June 12, 2027; (4) 14,643 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2027; and (5) 72,578 unvested RSUs, which will vest on September 25, 2027.
11. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
Remarks:
/s/ Michael P. Hartung, by Kristine Murphy as attorney-in-fact06/22/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did FLEX (FLEX) disclose for Michael P. Hartung?

FLEX disclosed that Chief Commercial Officer Michael P. Hartung sold 29,896 ordinary shares. The transactions occurred on June 17–18, 2026 and were reported as open-market sales executed at various prices around the mid-$140s per share.

Why did Michael P. Hartung sell FLEX (FLEX) shares according to the Form 4?

The Form 4 notes that Hartung’s sales were made to cover tax withholding obligations. These obligations arose in connection with the vesting of performance-based restricted share units and other RSUs, indicating the sales were primarily tax-driven rather than purely discretionary.

How many FLEX (FLEX) shares did Michael P. Hartung sell and over what dates?

Hartung sold a total of 29,896 ordinary shares of FLEX LTD. The transactions took place over two days, June 17 and June 18, 2026, split across multiple individual trades at different price levels.

At what prices were Michael P. Hartung’s FLEX (FLEX) share sales executed?

The Form 4 states that prices reflect weighted averages, with actual sale prices ranging from $141.64 to $146.20 per share across the reported trades. Detailed per-trade pricing is available from the reporting person upon request to interested parties.

Does Michael P. Hartung still hold unvested FLEX (FLEX) RSUs after these sales?

Yes. The filing notes several unvested RSU grants remain outstanding, including 10,532 RSUs vesting in two annual installments from August 15, 2026 and 72,578 RSUs vesting on September 25, 2027, along with other scheduled vesting blocks.

What do the FLEX (FLEX) RSU footnotes say about how RSUs settle?

Each unvested restricted share unit represents a contingent right to receive one ordinary share upon vesting. The filing specifies that each RSU, once vested and not forfeited, converts into one unrestricted, fully transferable FLEX LTD. share.