FLEX Director William D. Watkins Receives RSU Award

What Happened

• William D. Watkins, a director of Flex Ltd. (FLEX), was granted a total of 3,158 restricted share units (RSUs) on August 5, 2026. The grants break down as 1,928 RSUs (annual non-employee director award), 820 RSUs (additional chairman award), and 410 RSUs (one-time special compensation award valued at $50,000). Each RSU was granted at $0.00 (i.e., an award/grant, not a purchase), and each RSU represents a contingent right to receive one unrestricted, fully transferable share upon vesting.
• All 3,158 RSUs are unvested and "shall vest in full on the date immediately prior to the date of the Issuer's 2027 annual general meeting." These awards are not sales or open‑market purchases.

Key Details

• Transaction date: August 5, 2026; Form 4 filed Aug 7, 2026 (timely filing).
• Transaction type/code: A = Award/Grant of RSUs; grant price reported $0.00.
• Grant breakdown: 1,928 RSUs (annual director award), 820 RSUs (chairman award), 410 RSUs (special award; aggregate value $50,000).
• Vesting: All RSUs vest in full immediately prior to the 2027 annual general meeting.
• Shares owned after transaction: filing identifies 3,158 unvested RSUs (see footnote); the Form 4 does not list additional total shareholdings in this summary.
• No 10b5-1 plan, option exercises, sales, gifts, or tax-withholding transactions were reported in this filing.

Context

• RSUs are deferred-equity awards: they are a contingent right to receive shares at vesting and do not represent immediately tradable stock. Such awards are commonly part of director compensation and don’t necessarily signal immediate buying or selling intent.
• This filing documents standard equity compensation for a non-employee director (including a chairman supplement and a one-time $50k grant).