Michael D. Capellas - Aug 4, 2021 Form 4 Insider Report for FLEX LTD. (FLEX)

Role
Director
Signature
/s/ Michael D. Capellas, by Heather Childress as attorney-in-fact
Stock symbol
FLEX
Transactions as of
Aug 4, 2021
Transactions value $
$0
Form type
4
Date filed
8/6/2021, 09:25 PM
Previous filing
Jul 16, 2021
Next filing
Sep 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Award $0 +10.5K +4.1% $0.00 266K Aug 4, 2021 Direct F1
transaction FLEX Ordinary Shares Award $0 +2.83K +1.06% $0.00 269K Aug 4, 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 4, 2021, the Reporting Person was awarded a total of 10,475 restricted share units ("RSUs") pursuant to the terms of the annual equity award to Non-Management Directors under the Issuer's Amended and Restated 2017 Equity Incentive Plan as more fully described in the section titled "Fiscal Year 2021 Non-Management Directors' Compensation" beginning on page 32 of the Issuer's Proxy Statement filed with the SEC on June 25, 2021. Each RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited. The award shall vest in full on the date immediately prior to the date of Issuer's 2022 annual general meeting.
F2 On August 4, 2021, the Reporting Person was awarded a total of 2,831 RSUs pursuant to the terms of the additional annual equity award to the Chairman of the Board under the Issuer's Amended and Restated 2017 Equity Incentive Plan as more fully described in the section titled "Fiscal 2021 Non-Management Directors' Compensation" beginning on page 32 of the Issuer's Proxy Statement filed with the SEC on June 25, 2021. Each RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited. The award shall vest in full on the date immediately prior to the date of Issuer's 2022 annual general meeting.
F3 Includes 13,306 unvested RSUs, which vest in full on the date immediately prior to the date of Issuer's 2022 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.