Hartung Michael P 4

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.