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Filing Details

Accession Number:: 0001628280-24-006723
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-02-23 20:53:28
Reporting Period:: 2024-02-23

Accepted Time:: 2024-02-23 20:53:28
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
866374	Flex Ltd.	FLEX	Printed Circuit Boards (3672)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1916658	Rebecca Sidelinger	C/O Flextronics International Usa, Inc. 12455G Research Blvd Austin TX 78759	Group President	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Ordinary Shares	Disposition	2024-02-23	13,675	$27.99	161,913	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

The sale reported in this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units ("RSUs").
Price reflects weighted average purchase price; actual purchase prices ranged from $27.87 to $28.085. 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.
Includes the following: (1) 43,526 unvested RSUs, which will vest in two equal annual installments beginning on June 1, 2024; (2) 43,724 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024; and (3) 32,330 unvested RSUs, which will vest on February 22, 2025.
Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
In connection with the disposition of all remaining shares of Class B Common Stock of Nextracker Inc. ("Nextracker") owned indirectly by the Issuer, effective January 2, 2024 (the "Spin-Off"), and in accordance with the terms of the Second Amended and Restated Employee Matters Agreement by and among the Issuer and the other parties thereto, the number of the Issuer's Ordinary Shares ("Shares") underlying the Reporting Person's RSUs were adjusted to preserve their economic value post-Spin-Off. As a result, the balance reported in this Column 5 includes an additional 34,538 RSUs. Such adjustment is exempt from Section 16 of the Securities Exchange Act of 1934, as amended ("Exchange Act") pursuant to Rule 16a-9 under the Exchange Act. The award will continue to vest on its original schedule and otherwise has substantially the same terms and conditions as the original award.