OFFER DAVID SCOTT 4
4 · FLEX LTD. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Flex Ltd (FLEX) EVP David Offer Receives RSU Award
What Happened
David Scott Offer, EVP and General Counsel of Flex Ltd. (FLEX), was granted 7,164 restricted share units (RSUs) on June 11, 2026. The Form 4 reports the award as an acquisition (code A) at $0.00 per RSU (typical for equity awards); the new RSUs are unvested and will convert to shares only upon vesting.
Key Details
- Transaction date: 2026-06-11; Form 4 filed: 2026-06-12 (timely filing). Transaction code: A (award/grant). Reported acquisition price: $0.00.
- New grant: 7,164 unvested RSUs that vest in three equal annual installments beginning June 11, 2027 (Footnote F1).
- Filing indicates a total of 60,577 unvested RSUs associated with Offer across multiple grants (18,768; 20,071; 14,574; and the 7,164 grant) with varying vesting schedules (see Footnote F2). These RSUs convert 1-for-1 to shares when vested (Footnote F3).
- Shares owned after transaction (beneficial ownership): the Form 4 provides the breakdown of unvested RSUs but does not state a complete total of vested shares held after this transaction in the provided filing.
- No 10b5-1 plan, tax-withholding sale, or late filing flag noted in the provided data.
Context
RSU grants are a form of compensation and are reported at $0 acquisition price on Form 4; they are not open-market purchases or sales and do not by themselves indicate the insider is buying or selling stock. Each unvested RSU becomes one unrestricted share when it vests (per Footnote F3). For retail investors, purchases typically carry a clearer signal than routine awards; this filing documents ongoing compensation-related equity for Flex’s general counsel rather than a market-directed trade.
Insider Transaction Report
- Award
Ordinary Shares
[F1][F2][F3]2026-06-11+7,164→ 82,090 total
- 73,471(indirect: By Trust)
Ordinary Shares
Footnotes (3)
- [F1]Consists of 7,164 unvested restricted share units ("RSUs"), which will vest in three equal annual installments beginning on June 11, 2027.
- [F2]Includes the following: (1) 18,768 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2026; (2) 20,071 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; (3) 14,574 unvested RSUs, which will vest on June 14, 2026; and 7,164 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 2027.
- [F3]Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.