Tan Kwang Hooi 4
4 · FLEX LTD. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
FLEX (FLEX) COO Tan Kwang Hooi Receives Award, Sells Shares
What Happened
- Tan Kwang Hooi, Chief Operating Officer of FLEX Ltd., received 48,582 performance-based restricted share units (PSUs) that vested on May 8, 2026. To cover tax withholding on delivery, he sold 26,175 of those shares in multiple open-market transactions on May 11, 2026, generating total proceeds of approximately $3,726,491.
- Sales by tranche (May 11, 2026):
- 1,932 shares @ $138.58 = $267,728
- 2,398 shares @ $139.66 = $334,905
- 2,830 shares @ $140.63 = $397,989
- 1,731 shares @ $141.53 = $244,982
- 4,487 shares @ $142.75 = $640,530
- 8,081 shares @ $143.51 = $1,159,741
- 4,716 shares @ $144.32 = $680,616
Key Details
- Transaction dates: PSUs vested May 8, 2026; shares sold May 11, 2026; Form 4 filed May 12, 2026. Filing appears timely.
- Total sold: 26,175 shares for ~$3.73M in proceeds. Total awarded (vested): 48,582 PSUs. Net remaining from this award (if no other transfers) = 22,407 shares.
- Footnotes: (F1) PSUs were performance-based and certified vested on May 8, 2026; (F2) the sales were to cover tax withholding; (F3–F9) the listed prices are weighted-average prices with specified price ranges for each tranche; (F10–F11) lists other unvested RSUs (totaling 134,718 unvested RSUs across multiple vesting schedules) and that each RSU converts to one share upon vesting.
- No 10b5-1 trading plan or late filing is indicated in the provided filing.
Context
- This filing combines an award (A) — the vesting/delivery of performance PSUs — and open-market sales (S) used for tax withholding. Such withholding-related sales are routine and do not necessarily signal the insider's view on the company's stock. Purchases by insiders are generally more indicative of bullish sentiment; these transactions primarily reflect compensation tax obligations.
Insider Transaction Report
Form 4
FLEX LTD.FLEX
Tan Kwang Hooi
Chief Operating Officer
Transactions
- Award
Ordinary Shares
[F1]2026-05-08+48,582→ 282,218 total - Sale
Ordinary Shares
[F2][F3]2026-05-11$138.58/sh−1,932$267,728→ 280,286 total - Sale
Ordinary Shares
[F2][F4]2026-05-11$139.66/sh−2,398$334,905→ 277,888 total - Sale
Ordinary Shares
[F2][F5]2026-05-11$140.63/sh−2,830$397,989→ 275,058 total - Sale
Ordinary Shares
[F2][F6]2026-05-11$141.53/sh−1,731$244,982→ 273,327 total - Sale
Ordinary Shares
[F2][F7]2026-05-11$142.75/sh−4,487$640,530→ 268,840 total - Sale
Ordinary Shares
[F2][F8]2026-05-11$143.51/sh−8,081$1,159,741→ 260,759 total - Sale
Ordinary Shares
[F2][F9][F10][F11]2026-05-11$144.32/sh−4,716$680,616→ 256,043 total
Footnotes (11)
- [F1]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 March 31, 2026. The Issuer certified the achievement of the performance criterion, and the PSUs fully vested, on May 8, 2026, and were subject to applicable taxes upon delivery.
- [F10]Includes the following: (1) 23,981 unvested restricted share units ("RSUs"), which will vest in two equal annual installments beginning on June 12, 2026; (2) 21,964 unvested RSUs, which will vest in three equal annual installments beginning on June 12, 2026; (3) 16,195 unvested RSUs, which will vest on June 14, 2026; and (4) 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]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 PSUs.
- [F3]Price reflects weighted average sales price; actual sales prices ranged from $138.11 to $139.108. 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 $139.11 to $140.095. 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 $140.12 to $141.07. 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 $141.12 to $142.01. 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]Price reflects weighted average sales price; actual sales prices ranged from $142.125 to $143.12. 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.
- [F8]Price reflects weighted average sales price; actual sales prices ranged from $143.13 to $144.12. 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 $144.13 to $144.765. 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/ Tan Kwang Hooi, by Kristine Murphy as attorney-in-fact|2026-05-12