Ward Pat 4
Research Summary
AI-generated summary
FLEX Director Pat Ward Gifts 6,889 Shares
What Happened
- Pat Ward, a director of FLEX Ltd. (FLEX), reported a gift transfer of 6,889 ordinary shares on February 25, 2026. The reported price per share was $0.00 and the transaction value is $0 (transaction code G — Gift).
- The shares were transferred to the "Patrick J. Ward Revocable Trust u/a/d 8/16/2011," of which Ward and his spouse are co-trustees (footnote F1). This filing also notes Ward holds 4,713 unvested restricted share units (RSUs) that vest in full immediately prior to FLEX’s 2026 annual general meeting (footnote F2).
Key Details
- Transaction date: 2026-02-25; Filing date (Form 4): 2026-02-27 (appears timely).
- Transaction type/code: Gift (G); Price: $0.00; Shares transferred: 6,889.
- Shares/units reported after transaction: 4,713 unvested RSUs (each represents a contingent right to one share upon vesting).
- Footnotes: F1 — transfer to revocable trust where Ward and spouse are co-trustees; F2 — unvested RSUs vest immediately before the 2026 annual meeting.
- No indication of a 10b5-1 plan or tax-withholding sale in this filing.
Context
- A gift transfer does not indicate the insider’s view of the company’s stock price; it’s often an estate-planning or family/wealth-transfer action rather than a market signal.
- The RSUs noted are unvested and not immediately tradable; they convert to shares only upon vesting as described in footnote F2.