Flex Ltd. (FLEX) Director Michael E. Hurlston Receives 174 RSUs

What Happened

• Michael E. Hurlston, a director of Flex Ltd. (FLEX), was granted 174 restricted share units (RSUs) on July 15, 2026. The acquisition price is recorded as $0 and the RSUs vested immediately upon grant. This award was issued under the Issuer's Share Election Program (directors electing equity in lieu of cash).

Key Details

• Transaction date: 2026-07-15; filing (Form 4) date: 2026-07-17 — appears timely.
• Transaction type/code: Award/Grant (A); 174 RSUs granted at $0.00 per unit.
• Shares owned after transaction: The filing notes existing unvested RSUs (see footnote) but does not disclose a consolidated total share count after the grant.
• Notable footnotes:
  • F1: Award of 174 RSUs was for the quarterly period 04/01/2026–06/30/2026 and vested immediately; part of the director share election program approved by the board and shareholders in 2013.
  • F2: Filing also references 4,713 unvested RSUs that vest in full immediately prior to the issuer's 2026 annual general meeting; each RSU converts to one share when vested and not forfeited.
• No sale or cash purchase occurred — this is compensation-related equity, not an open-market trade.

Context

• RSUs are a form of equity compensation that convert to shares when vested; because these RSUs vested immediately, Hurlston would be entitled to the underlying shares subject to any plan delivery rules or tax-withholding arrangements.
• This award reflects routine director compensation (electing equity instead of cash) and should not be interpreted as a separate market buy/sell signal.