4//SEC Filing
CAPELLAS MICHAEL D 4
Accession 0001628280-24-025916
CIK 0000866374other
Filed
May 29, 8:00 PM ET
Accepted
May 30, 8:22 PM ET
Size
319.8 KB
Accession
0001628280-24-025916
Insider Transaction Report
Form 4
FLEX LTD.FLEX
CAPELLAS MICHAEL D
Director
Transactions
- Sale
Ordinary Shares
2024-05-28$33.64/sh−78,872$2,653,065→ 219,037 total
Footnotes (2)
- [F1]Includes 14,402 unvested restricted share units ("RSUs"), which vest in full on the date immediately prior to the date of Issuer's 2024 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.
- [F2]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 3,275 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.
Issuer
FLEX LTD.
CIK 0000866374
Entity typeother
Related Parties
1- filerCIK 0001068045
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 8:22 PM ET
- Size
- 319.8 KB