David Scott Offer - May 8, 2024 Form 4 Insider Report for FLEX LTD. (FLEX)

Signature
/s/ David Scott Offer, by Kristine Murphy as attorney-in-fact
Stock symbol
FLEX
Transactions as of
May 8, 2024
Transactions value $
-$976,835
Form type
4
Date filed
5/9/2024, 08:50 PM
Previous filing
Feb 22, 2024
Next filing
Jun 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Award $0 +67.5K +60.09% $0.00 180K May 8, 2024 Direct F1
transaction FLEX Ordinary Shares Sale -$977K -34.1K -18.97% $28.65 146K May 9, 2024 Direct F2, F3, F4, F5
holding FLEX Ordinary Shares 87.1K May 8, 2024 By Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 9, 2021, the Reporting Person was awarded performance-based restricted share units ("PSUs") within a preset range, with the actual number contingent upon the achievement of a certain performance criterion with respect to the three-year performance period ending on March 31, 2024. The Issuer certified the achievement of the performance criterion, and the PSUs vested on, May 8, 2024, and were subject to applicable taxes upon delivery.
F2 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 PSUs.
F3 Price reflects weighted average purchase price; actual purchase prices ranged from $28.48 to $28.86. 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.
F4 Includes the following: (1) 46,086 unvested restricted share units ("RSUs"), which will vest in two equal annual installments beginning on June 1, 2024; (2) 22,495 unvested RSUs, which will vest on June 9, 2024; and (3) 43,724 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024.
F5 Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.