Key facts
- This page summarizes Daniel Wendler's Form 4 filing for FLEX LTD. (FLEX).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 13 Mar 2024, 20:54.
Daniel Wendler - 12 Mar 2024 Form 4 Insider Report for FLEX LTD. (FLEX)
- Reporting relationship
- Chief Accounting Officer
- Issuer ticker
- FLEX
- Reported as of
- 12 Mar 2024
- Net transaction value
- -$53,728
- SEC form
- 4
- Accepted by SEC
- 13 Mar 2024, 20:54:45 UTC
- Prior SEC filing
- 16 Jun 2023
- Next SEC filing
- 06 Jun 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Daniel Wendler, by Kristine Murphy as attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Daniel Wendler filed Form 4 for FLEX LTD. (FLEX) on 13 Mar 2024.
Change
- Previous filing in this sequence was filed on 16 Jun 2023.
- Current net transaction value: -$53,728.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FLEX
transaction
Ordinary Shares
Sale
- Transaction value
- $53,728
- Shares
- -1,860
- Change %
- -6.1%
- Price
- $28.89
- Shares after
- 28,730
- Date
- 12 Mar 2024
- Ownership
- Direct
- Footnotes
- F1, F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
The sale reported in this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units ("RSUs").
Footnote F2
Price reflects weighted average sales price; actual sales prices ranged from $28.72 to $29.04. 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.
Footnote F3
Includes the following: (1) 8,321 unvested RSUs, which will vest in two equal annual installments beginning on June 1, 2024; (2) 9,716 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024; and (3) 4,303 unvested RSUs, which will vest on March 9, 2025.
Footnote F4
Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
Footnote F5
In connection with the disposition of all remaining shares of Class B Common Stock of Nextracker Inc. ("Nextracker") owned indirectly by the Issuer, effective January 2, 2024 (the "Spin-Off"), and in accordance with the terms of the Second Amended and Restated Employee Matters Agreement by and among the Issuer and the other parties thereto, the number of the Issuer's Ordinary Shares ("Shares") underlying the Reporting Person's RSUs were adjusted to preserve their economic value post-Spin-Off. As a result, the balance reported in this Column 5 includes an additional 6,058 RSUs. Such adjustment is exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act. The award will continue to vest on its original schedule and otherwise has substantially the same terms and conditions as the original award.