4//SEC Filing
Sidelinger Rebecca 4
Accession 0001628280-24-006723
CIK 0000866374other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 8:53 PM ET
Size
7.1 KB
Accession
0001628280-24-006723
Insider Transaction Report
Form 4
FLEX LTD.FLEX
Sidelinger Rebecca
Group President
Transactions
- Sale
Ordinary Shares
2024-02-23$27.99/sh−13,675$382,807→ 161,913 total
Footnotes (5)
- [F1]The sale reported in this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units ("RSUs").
- [F2]Price reflects weighted average purchase price; actual purchase prices ranged from $27.87 to $28.085. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
- [F3]Includes the following: (1) 43,526 unvested RSUs, which will vest in two equal annual installments beginning on June 1, 2024; (2) 43,724 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024; and (3) 32,330 unvested RSUs, which will vest on February 22, 2025.
- [F4]Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
- [F5]In connection with the disposition of all remaining shares of Class B Common Stock of Nextracker Inc. ("Nextracker") owned indirectly by the Issuer, effective January 2, 2024 (the "Spin-Off"), and in accordance with the terms of the Second Amended and Restated Employee Matters Agreement by and among the Issuer and the other parties thereto, the number of the Issuer's Ordinary Shares ("Shares") underlying the Reporting Person's RSUs were adjusted to preserve their economic value post-Spin-Off. As a result, the balance reported in this Column 5 includes an additional 34,538 RSUs. Such adjustment is exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act. The award will continue to vest on its original schedule and otherwise has substantially the same terms and conditions as the original award.
Documents
Issuer
FLEX LTD.
CIK 0000866374
Entity typeother
Related Parties
1- filerCIK 0001916658
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 8:53 PM ET
- Size
- 7.1 KB