Tan Lay Koon 4
4 · FLEX LTD. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
FLEX Director Tan Lay Koon Receives 167 RSUs
What Happened
Tan Lay Koon, a director of FLEX Ltd. (FLEX), was granted 167 restricted share units (RSUs) on April 15, 2026, at $0.00 per share. The award was made under the issuer’s Share Election Program (directors elect equity in lieu of cash) and vested immediately upon grant.
Key Details
- Transaction date: April 15, 2026 (reported on Form 4 filed April 17, 2026).
- Transaction type/code: Award/Grant (A).
- Amount: 167 RSUs granted at $0.00 (no cash paid). The 167 RSUs vested immediately.
- Shares owned after transaction: Filing does not state a total common-share count; it notes 4,713 unvested RSUs that vest in full immediately prior to the issuer’s 2026 annual general meeting.
- Footnotes: F1—award granted under the Share Election Program and vested on grant; F2—4,713 unvested RSUs represent contingent rights to receive one unrestricted share per RSU when/if vested.
- Timeliness: Form 4 filed two days after the award date; no late-filing indication in the record.
Context
This is a compensation-related equity award to a director (not an open-market buy or sale). Because the 167 RSUs vested immediately, they typically become equivalent to transferable shares; the unvested RSUs remain contingent until their scheduled vesting before the 2026 AGM. Compensation grants are routine and do not by themselves indicate the director’s view on near-term stock direction.
Insider Transaction Report
- Award
Ordinary Shares
[F1][F2]2026-04-15+167→ 208,805 total
Footnotes (2)
- [F1]On April 15, 2026, the Reporting Person was awarded a total of 167 restricted share units ("RSUs") pursuant to the terms of the Issuer's Share Election Program whereby directors elect to receive equity in lieu of cash compensation and as approved by Issuer's Board of Directors and Shareholders on 7/24/2013 and 7/29/2013, respectively. The award was granted for the quarterly period from 01/01/2026 to 03/31/2026. The award vested immediately upon grant.
- [F2]Includes 4,713 unvested RSUs, which vest in full on the date immediately prior to the date of Issuer's 2026 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.