FLEX (FLEX) Director Michael Hurlston Receives RSU Award

What Happened

• Michael E. Hurlston, a director of FLEX Ltd. (FLEX), was awarded a total of 2,338 restricted share units (RSUs) on August 5, 2026. The grants were reported as awards (transaction code A) at $0.00 per share on the Form 4. The grants comprise 1,928 RSUs under the annual non-employee director award and a one-time special award of 410 RSUs (the 410-RSU award has an aggregate reported value of $50,000). Each RSU represents the contingent right to receive one unrestricted share upon vesting.

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026 (timely).
• Grants: 1,928 RSUs (annual director award) + 410 RSUs (special award, $50,000 aggregate) = 2,338 RSUs total.
• Reported price: $0.00 (award/grant — not a purchase or sale).
• Vesting: All 2,338 RSUs vest in full on the date immediately prior to the issuer’s 2027 annual general meeting.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1–F3 describe the awards, vesting schedule, and that each unvested RSU converts 1-for-1 to a share when vested. No 10b5-1 plan, tax withholding, or sale noted.

Context

• RSU grants to non-employee directors are common compensation and do not represent an open-market purchase or sale. The awards do not immediately change share ownership until they vest and convert to ordinary shares. Retail investors may view awards as routine director compensation; they are factual disclosures rather than direct signals of the insider’s view of the stock.