Key facts
- This page summarizes Michael D. Capellas's Form 4 filing for FLEX LTD. (FLEX).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 30 May 2024, 20:22.
Michael D. Capellas - 28 May 2024 Form 4 Insider Report for FLEX LTD. (FLEX)
- Reporting relationship
- Director
- Issuer ticker
- FLEX
- Reported as of
- 28 May 2024
- Net transaction value
- -$2,653,065
- SEC form
- 4
- Accepted by SEC
- 30 May 2024, 20:22:33 UTC
- Prior SEC filing
- 08 Dec 2023
- Next SEC filing
- 10 Jul 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael D. Capellas, 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
Michael D. Capellas filed Form 4 for FLEX LTD. (FLEX) on 30 May 2024.
Change
- Previous filing in this sequence was filed on 08 Dec 2023.
- Current net transaction value: -$2,653,065.
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
- $2,653,065
- Shares
- -78,872
- Change %
- -26%
- Price
- $33.64
- Shares after
- 219,037
- Date
- 28 May 2024
- Ownership
- Direct
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
Includes 14,402 unvested restricted share units ("RSUs"), which vest in full on the date immediately prior to the date of Issuer's 2024 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.
Footnote F2
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 3,275 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.