4//SEC Filing
Lundstrom Paul 4
Accession 0001628280-24-028172
CIK 0000866374other
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 8:36 PM ET
Size
9.5 KB
Accession
0001628280-24-028172
Insider Transaction Report
Form 4
FLEX LTD.FLEX
Lundstrom Paul
Chief Financial Officer
Transactions
- Sale
Ordinary Shares
2024-06-12$32.13/sh−29,041$933,099→ 316,130 total - Award
Ordinary Shares
2024-06-12+38,708→ 354,838 total - Award
Ordinary Shares
2024-06-11+63,293→ 345,171 total
Footnotes (6)
- [F1]On June 9, 2021, the Reporting Person was awarded performance-based restricted share units ("PSUs") within a preset range, with the actual number contingent upon the achievement of a certain performance criterion with respect to the three-year performance period ending on June 10, 2024. The Issuer certified the achievement of the performance criterion on June 11, 2024, and the PSUs were subject to applicable taxes upon delivery.
- [F2]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 PSUs.
- [F3]Price reflects weighted average sales price; actual sales prices ranged from $31.79 to $32.71. 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.
- [F4]Consists of 38,708 unvested restricted share units ("RSUs"), which will vest in three equal annual installments beginning on June 12, 2025.
- [F5]Includes the following: (1) 60,121 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024; (2) 31,684 unvested RSUs, which will vest on June 1, 2025; and (3) 38,708 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2025.
- [F6]Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
Documents
Issuer
FLEX LTD.
CIK 0000866374
Entity typeother
Related Parties
1- filerCIK 0001688179
Filing Metadata
- Form type
- 4
- Filed
- Jun 12, 8:00 PM ET
- Accepted
- Jun 13, 8:36 PM ET
- Size
- 9.5 KB