FLEX (FLEX) CCO Michael P. Hartung Sells Shares

What Happened
Michael P. Hartung, Chief Commercial Officer of FLEX Ltd. (FLEX), sold a total of 2,755 shares in multiple open-market transactions on August 18, 2026, generating aggregate proceeds of $332,352. The individual sales were: 1,007 shares @ $119.79 ($120,633); 1,272 shares @ $120.74 ($153,584); 272 shares @ $121.76 ($33,119); 196 shares @ $122.60 ($24,030); and 8 shares @ $123.25 ($986). These sales were executed to satisfy tax withholding obligations in connection with the vesting of restricted share units (RSUs), per the filing footnote.

Key Details

• Transaction date: August 18, 2026; Form 4 filed August 20, 2026 (filed within the typical 2-business-day window).
• Sale details (weighted avg prices reported): 1,007 @ $119.79; 1,272 @ $120.74; 272 @ $121.76; 196 @ $122.60; 8 @ $123.25. Footnotes report actual price ranges for each block (roughly $119.155–$123.134 across the trades).
• Total shares sold: 2,755 for total proceeds of $332,352.
• Shares/units reported after transaction: the filing lists 109,470 unvested RSUs remaining (various vesting dates and schedules per footnote), each representing the right to one share upon vesting.
• Notable footnotes: sales were to cover RSU tax withholding; weighted-average prices and actual price ranges are disclosed with an undertaking to provide detailed per-price info on request.
• Transaction type: sale to satisfy tax withholding related to RSU vesting (routine), not an open-market purchase or exercise. Not a 10% owner transaction.

Context
These were “sell to cover” transactions tied to RSU vesting — a common, administrative sale to meet withholding taxes and not necessarily an indicator of the insider’s view on the stock. RSUs listed remain unvested with scheduled vesting dates; each RSU converts to one share upon vesting. For retail investors, purchases by insiders typically carry more informational weight than routine tax-withholding sales like these.