Tan Lay Koon 4

What Happened

• Tan Lay Koon, a director of FLEX Ltd. (FLEX), was granted 101 restricted share units (RSUs) on July 15, 2026 under the issuer's Share Election Program. The award was reported as an acquisition at $0 and vested immediately upon grant. Each RSU represents a contingent right to one share when vested.

Key Details

• Transaction date: July 15, 2026 (Form 4 filed July 17, 2026).
• Transaction type/code: Award/Grant (A); acquisition price reported as $0.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: Award made pursuant to the director Share Election Program (directors may elect equity in lieu of cash); approved by board/shareholders in 2013. The award covered the quarterly period 04/01/2026–06/30/2026 and vested immediately.
  • F2: Filing also notes 4,713 unvested RSUs that vest in full immediately prior to FLEX’s 2026 annual general meeting. Each unvested RSU converts to one unrestricted share when vested and not forfeited.
• Timeliness: Form 4 was filed two days after the transaction (within the usual 2-business-day filing window).

Context

• RSU awards to directors are compensation and do not involve an out‑of‑pocket purchase; immediate vesting increases reported beneficial ownership but is different from an open‑market purchase or sale.
• Such awards are routine for board compensation and should be interpreted as compensation-related transactions rather than direct buy/sell signals.