FLEX Director Charles K. Stevens III Receives RSU Award

What Happened

• Charles K. Stevens III, a non-employee director of FLEX Ltd. (FLEX), was granted a total of 3,158 restricted share units (RSUs) on August 5, 2026. The grant consisted of 1,928 RSUs under the annual non-employee director award and 1,230 RSUs as a one-time special equity award valued in aggregate at $150,000. Each RSU represents a contingent right to one share upon vesting. The reported acquisition price is $0.00 (these were awards, not purchases).

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026 (timely filing).
• Grant breakdown: 1,928 RSUs (annual award) + 1,230 RSUs (special award, $150,000 aggregate) = 3,158 RSUs.
• Price: $0.00 per RSU (award/grant).
• Vesting: All 3,158 RSUs vest in full immediately prior to FLEX’s 2027 annual general meeting.
• Ownership after transaction: Filing notes 3,158 unvested RSUs held by the reporting person (these will convert to shares only upon vesting).
• Notable footnotes: Awards granted under FLEX’s Amended and Restated 2017 Equity Incentive Plan; special award described in the company's 2026 proxy statement. No 10b5-1 plan, tax withholding, or sale information noted in the provided excerpt.

Context

• RSUs are compensation awards that convert to shares when they vest; they are not open-market purchases or sales. Such grants are common for non-employee directors as part of annual and special compensation and should be viewed as compensation rather than a direct buy/sell signal about management sentiment.