Revathi Advaithi - Jun 11, 2024 Form 4 Insider Report for FLEX LTD. (FLEX)

Role
Chief Executive Officer, Director
Signature
/s/ Revathi Advaithi, by Kristine Murphy as attorney-in-fact
Stock symbol
FLEX
Transactions as of
Jun 11, 2024
Transactions value $
-$4,196,241
Form type
4
Date filed
6/13/2024, 08:34 PM
Previous filing
Jun 6, 2024
Next filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLEX Ordinary Shares Award $0 +273K +15.29% $0.00 2.06M Jun 11, 2024 Direct F1
transaction FLEX Ordinary Shares Sale -$4.2M -131K -6.34% $32.13 1.93M Jun 12, 2024 Direct F2, F3
transaction FLEX Ordinary Shares Award $0 +164K +8.51% $0.00 2.09M Jun 12, 2024 Direct F4, F5, F6
* 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 June 10, 2024. The Issuer certified the achievement of the performance criterion on June 11, 2024, and the PSUs 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 sales price; actual sales prices ranged from $31.79 to $32.71. 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 Consists of 164,216 unvested restricted share units ("RSUs"), which will vest in three equal annual installments beginning on June 12, 2025.
F5 Includes the following: (1) 255,062 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024; (2) 128,017 unvested RSUs, which will vest on June 1, 2025; and (3) 164,216 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2025.
F6 Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.