Barbier Francois 4
4 · FLEX LTD. · Filed Jun 23, 2020
Insider Transaction Report
Form 4
FLEX LTD.FLEX
Barbier Francois
President, Global Operations
Transactions
- Sale
Ordinary Shares
2020-06-22$10.44/sh−10,266$107,171→ 683,746 total
Footnotes (4)
- [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").
- [F2]Price reflects weighted average sales price; actual sales prices ranged from $10.375 to $10.52. 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.
- [F3]Includes the following: (1) 38,892 unvested RSUs, which will vest in two equal annual installments beginning on June 29, 2020; (2) 38,450 unvested RSUs, which will vest in two equal annual installments beginning on June 19, 2021; (3) 85,311 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 2021; (4) 29,727 unvested RSUs, which will vest upon achievement of stock price performance conditions; (5) 242,718 unvested RSUs, which will vest on March 5, 2021; and (6) 100,550 unvested RSUs, which will vest in three equal annual installments beginning on June 3, 2021.
- [F4]Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited.