WATKINS WILLIAM D 4

What Happened

• William D. Watkins, a director of Flex Ltd. (FLEX), was granted 519 restricted share units (RSUs) on April 15, 2026. The award price is reported as $0.00 (grant), and the RSUs vested immediately upon grant. The award was made under the Issuer's director Share Election Program as compensation for the quarter Jan 1–Mar 31, 2026.

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (timely within the standard 2-business-day window).
• Transaction type/code: Award/Grant (A); reported acquisition price: $0.00.
• Reported award: 519 RSUs vested immediately on grant.
• Holdings reported related to RSUs: the filing also notes 6,718 unvested RSUs that vest in full immediately prior to the issuer’s 2026 annual general meeting — together representing 7,237 RSU entitlements (519 vested + 6,718 unvested) per the filing. The Form 4 does not report total common shares owned outright beyond these RSU figures.
• Footnotes: award made under director Share Election Program (directors may elect equity in lieu of cash); each RSU equals a contingent right to one unrestricted share when/if converted.

Context

• RSUs are compensation grants (not open-market purchases or sales). Because these RSUs vested on grant, Watkins immediately obtained the contingent equity right, but conversion to transferrable shares follows the plan terms. Such director equity awards are routine forms of compensation and do not by themselves indicate a personal market buy/sell decision.