Flex (FLEX) CCO sells 29,896 shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
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 Trade Summary
Net Seller: 29,896 shares ($4,324,668)
Net Sell
8 txns
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)
- 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.
Key Figures
Ordinary shares sold: 29,896 shares
Sale price range: $141.64–$146.20 per share
Unvested RSUs block 1: 10,532 RSUs
+2 more
5 metrics
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
Key Terms
performance-based restricted share units, restricted share units ("RSUs"), weighted average sales price, unvested RSUs, +1 more
5 terms
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"
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.
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.