Tan Lay Koon 4

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.