Filing Details

Accession Number:
0001628280-24-025916
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-05-30 20:22:33
Reporting Period:
2024-05-28
Accepted Time:
2024-05-30 20:22:33
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
1068045 D Michael Capellas C/O Flextronics International Usa, Inc.
12455G Research Blvd
Austin TX 78759
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Ordinary Shares Disposition 2024-05-28 78,872 $33.64 219,037 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. Includes 14,402 unvested restricted share units ("RSUs"), which vest in full on the date immediately prior to the date of Issuer's 2024 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.
  2. 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 3,275 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.