Form 4 for FLEX Flex Ltd.
Accepted 2024-06-13 00:00:00 ET · period of report 2024-06-11 · accession 0001628280-24-028170 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-06-13 | 2024-06-11+ | FLEX | Hartung Michael P | Group Pres | A - Grant | $0.00 | +78.5K | 214.4K | +58% | $0 |
| 2024-06-13 | 2024-06-12 | FLEX | Hartung Michael P | Group Pres | S - Sale | $32.13 | -25.5K | 188.8K | -12% | -$820.1K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary Shares | 2024-06-12 | A | A | 28,151 | $0.00 | 216,995 | D | — | — | (F4) Consists of 28,151 unvested restricted share units ("RSUs"), which will vest in three equal annual installments beginning on June 12, 2025. (F5) Includes the following: (1) 43,724 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024; (2) 23,043 unvested RSUs, which will vest on June 1, 2025; and (3) 28,151 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. |
| 2 | Common | Ordinary Shares | 2024-06-12 | S | D | 25,525 | $32.13 | 188,844 | D | — | — | (F3) Price reflects weighted average sales price; actual sales prices ranged from $31.79 to $32.70. 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. |
| 3 | Common | Ordinary Shares | 2024-06-11 | A | A | 50,346 | $0.00 | 214,369 | D | — | — | (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. |