Hartung Michael P 4
4 · FLEX LTD. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Flex (FLEX) CCO Michael Hartung Sells ~29,896 Shares
What Happened
- Michael P. Hartung, Chief Commercial Officer of Flex Ltd. (FLEX), reported open-market sales of 29,896 shares on June 17–18, 2026, generating approximately $4.32 million in proceeds. Individual dispositions: 553 @ $141.78 ($78,402); 4,900 @ $143.18 ($701,587); 5,118 @ $144.19 ($737,983); 10,949 @ $145.19 ($1,589,739); 1,107 @ $145.77 ($161,370); 2,368 @ $144.89 ($343,098); 4,801 @ $145.36 ($697,863); and 100 @ $146.26 ($14,626).
- These sales are reported as routine tax-withholding transactions tied to the vesting of performance-based restricted share units (RSUs) and RSUs (see footnotes F1 and F7), not as discretionary stock-sales for other purposes.
Key Details
- Transaction dates: June 17–18, 2026. Report filed June 22, 2026 (Period of Report: 2026-06-17).
- Prices: individual trades reported between roughly $141.64 and $146.26 per share (see footnotes F2–F9 for detailed price ranges and weighted averages).
- Total shares sold: 29,896. Total proceeds: ~$4,324,668.
- Shares owned after transaction: not specified in the supplied summary; filing lists unvested RSU holdings (see below).
- Notable footnotes: F1/F7 – sales made to cover tax withholding on vested performance-based RSUs/RSUs; F10 – detailed unvested RSU schedule; F11 – each RSU converts to one share when vested; F2–F9 – weighted-average price disclosures with underlying price ranges.
- Filing timeliness: filing date is June 22, 2026; the Form 4 lists the report period as June 17, 2026 (no late-filing flag provided in the summary).
Context
- These transactions are tax-withholding sales related to RSU vesting (routine for many executives) and do not by themselves indicate the insider’s longer-term view of the company. Footnote F10 lists unvested RSUs totaling 114,736 units across multiple vesting schedules (various installments vesting between Aug 2026 and Sept 2027).
- For retail investors: purchases by insiders tend to be more informative as bullish signals; withholding sales to cover taxes are common and often should be interpreted differently from discretionary sell-offs.
Insider Transaction Report
Form 4
FLEX LTD.FLEX
Hartung Michael P
Chief Commercial Officer
Transactions
- Sale
Ordinary Shares
[F1][F2]2026-06-17$141.78/sh−553$78,402→ 275,273 total - Sale
Ordinary Shares
[F1][F3]2026-06-17$143.18/sh−4,900$701,587→ 270,373 total - Sale
Ordinary Shares
[F1][F4]2026-06-17$144.19/sh−5,118$737,983→ 265,255 total - Sale
Ordinary Shares
[F1][F5]2026-06-17$145.19/sh−10,949$1,589,739→ 254,306 total - Sale
Ordinary Shares
[F1][F6]2026-06-17$145.77/sh−1,107$161,370→ 253,199 total - Sale
Ordinary Shares
[F7][F8]2026-06-18$144.89/sh−2,368$343,098→ 250,831 total - Sale
Ordinary Shares
[F7][F9]2026-06-18$145.36/sh−4,801$697,863→ 246,030 total - Sale
Ordinary Shares
[F7][F10][F11]2026-06-18$146.26/sh−100$14,626→ 245,930 total
Footnotes (11)
- [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 performance-based restricted share units.
- [F10]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.
- [F11]Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
- [F2]Price reflects weighted average sales price; actual sales prices ranged from $141.64 to $142.639. 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 $142.64 to $143.634. 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 $143.64 to $144.635. 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 $144.64 to $145.637. 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]Price reflects weighted average sales price; actual sales prices ranged from $145.65 to $146.20. 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.
- [F7]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").
- [F8]Price reflects weighted average sales price; actual sales prices ranged from $144.08 to $145.075. 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.
- [F9]Price reflects weighted average sales price; actual sales prices ranged from $145.08 to $146.06. 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.
Signature
/s/ Michael P. Hartung, by Kristine Murphy as attorney-in-fact|2026-06-22