Hartung Michael P 4
4 · FLEX LTD. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
FLEX CCO Michael Hartung Sells Shares, Receives Award
What Happened
Michael P. Hartung, Chief Commercial Officer of FLEX Ltd. (FLEX), reported multiple open-market sales on June 15, 2026 totaling 7,203 shares disposed for approximately $1,214,097, followed by an acquisition on June 16, 2026 of 43,724 shares (reported at $0) related to vested performance-based awards. The sales were reported as tax-withholding dispositions tied to the vesting/delivery of restricted share units (RSUs)/PSUs.
- Sales breakdown (6/15/2026):
- 1,448 shares @ $146.07 = $211,512
- 1,409 shares @ $147.13 = $207,305
- 1,352 shares @ $148.01 = $200,105
- 3,966 shares @ $149.01 = $590,986
- 28 shares @ $149.60 = $4,189
- Total disposed: 7,203 shares for ~$1,214,097
- Acquisition (6/16/2026):
- 43,724 shares reported as acquired (award/vesting), $0 purchase price shown (PSU/RSU delivery)
Key Details
- Transaction dates: Sales on June 15, 2026; Award/Acquisition on June 16, 2026. Form filed June 17, 2026 (timely — Form 4 is typically due within two business days).
- Prices: Reported per-share prices shown above; filing notes weighted-average pricing with actual sale-price ranges roughly $145.48–$149.52 across the sale blocks (see footnotes F2–F5).
- Reason for sales: Footnote F1 states the sales were to cover tax withholding obligations related to RSU/PSU vesting.
- Award background: Footnote F6 indicates these were performance-based RSUs/PSUs certified on June 16, 2026 (three‑year performance period ended June 14, 2026).
- Shares owned after transaction: Not specified in the provided excerpt — see the official Form 4 for total beneficial ownership and holdings (including unvested RSUs listed in F7).
- Filing timeliness: Reported promptly (no late filing indicated).
Context
- These were not open-market purchases; the sales are described as routine tax-withholding dispositions after equity awards vested. Such sales are common when companies or brokers sell shares to cover required tax withholding on delivered RSUs/PSUs.
- The acquisition reflects delivery of earned performance-based awards (PSUs/RSUs). Awards vesting and subsequent withholding sales do not by themselves indicate a change in the insider’s view of the company; they document compensation settlement and tax compliance.
Insider Transaction Report
Form 4
FLEX LTD.FLEX
Hartung Michael P
Chief Commercial Officer
Transactions
- Sale
Ordinary Shares
[F1][F2]2026-06-15$146.07/sh−1,448$211,512→ 238,857 total - Sale
Ordinary Shares
[F1][F3]2026-06-15$147.13/sh−1,409$207,305→ 237,448 total - Sale
Ordinary Shares
[F1][F4]2026-06-15$148.01/sh−1,352$200,105→ 236,096 total - Sale
Ordinary Shares
[F1][F5]2026-06-15$149.01/sh−3,966$590,986→ 232,130 total - Sale
Ordinary Shares
[F1]2026-06-15$149.60/sh−28$4,189→ 232,102 total - Award
Ordinary Shares
[F6][F7][F8]2026-06-16+43,724→ 275,826 total
Footnotes (8)
- [F1]The sales reported in this Form 4 represent 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 sales price; actual sales prices ranged from $145.484 to $146.48. 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]Price reflects weighted average sales price; actual sales prices ranged from $146.51 to $147.50. 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]Price reflects weighted average sales price; actual sales prices ranged from $147.53 to $148.529. 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.
- [F5]Price reflects weighted average sales price; actual sales prices ranged from $148.53 to $149.52. 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.
- [F6]On June 14, 2023, 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 14, 2026. The Issuer certified the achievement of the performance criterion on June 16, 2026, and the PSUs were subject to applicable taxes upon delivery.
- [F7]Includes the following: (1) 10,532 unvested RSUs, which will vest in two equal annual installments beginning on August 15, 2026; (2) 7,599 unvested RSUs, which will vest in three equal annual installments beginning on June 11, 2027; (3) 9,384 unvested RSUs, which will vest on June 12, 2027; (4) 14,643 unvested RSUs, which will vest in two equal annual installments beginning on June 12, 2027; and (5) 72,578 unvested RSUs, which will vest on September 25, 2027.
- [F8]Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
Signature
/s/ Michael P. Hartung, by Kristine Murphy as attorney-in-fact|2026-06-17