Tan Kwang Hooi - Jun 15, 2022 Form 4 Insider Report for FLEX LTD. (FLEX)

Role
Group President
Signature
/s/ Tan Kwang Hooi, by Heather Childress as attorney-in-fact
Stock symbol
FLEX
Transactions as of
Jun 15, 2022
Transactions value $
$0
Form type
4
Date filed
6/16/2022, 08:55 PM
Previous filing
Jun 8, 2022
Next filing
Sep 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Award $0 +55.3K +47.24% $0.00 172K Jun 15, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 14, 2019, the Reporting Person was awarded performance-based restricted share units ("RSUs") within a preset range, with the actual number contingent upon the achievement of a certain performance criterion. If the performance criterion is achieved, the RSUs granted vest on the next business day following the third anniversary of the date of grant, subject to applicable taxes upon delivery.
F2 Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
F3 Includes the following: (1) 18,922 unvested RSUs, which will vest in two equal annual installments beginning on June 19, 2022; (2) 5,930 unvested RSUs, which will vest on February 28, 2023; (3) 53,412 unvested RSUs, which will vest in three equal annual installments beginning on June 1, 2023; (4) 6,914 unvested RSUs, which will vest on June 14, 2023; and (5) 13,684 unvested RSUs, which will vest in two equal annual installments beginning on June 14, 2023.