Form 4: FLEX Director Hurlston Awarded 353 Restricted Share Units
Statement of Changes in Beneficial Ownership
FLEX LTD. Director Michael E. Hurlston received 353 restricted share units as part of a director compensation program.
Summary
- Director Michael E. Hurlston was awarded 353 restricted share units (RSUs) on October 15, 2025.
- The award was granted pursuant to the Issuer's Share Election Program, allowing directors to receive equity in lieu of cash compensation.
- The RSUs were granted for the quarterly period from July 1, 2025, to September 30, 2025, and vested immediately upon grant.
- Following this transaction, Michael E. Hurlston beneficially owns 78,561 Ordinary Shares, which includes 4,713 unvested RSUs.
- The 4,713 unvested RSUs are scheduled to vest in full on the date immediately prior to the Issuer's 2026 annual general meeting.
Sentiment
Score: 6
Explanation: The filing reports a routine equity compensation award to a director, which is a standard practice and generally viewed as a neutral to slightly positive event for aligning management interests with shareholders.
Positives
- Director Michael E. Hurlston received 353 restricted share units, aligning his interests with shareholders through equity compensation.
Future Outlook
4,713 unvested restricted share units held by the reporting person are scheduled to vest in full on the date immediately prior to the Issuer's 2026 annual general meeting.
Stakeholder Impact
- Shareholders: The award of equity compensation to a director aligns management's interests with shareholder value creation.
- Director Michael E. Hurlston: Increases his beneficial ownership and equity stake in the company.
Next Steps
- Vesting of 4,713 unvested restricted share units immediately prior to the Issuer's 2026 annual general meeting.
Key Dates
| Date | Description |
|---|---|
| 07/24/2013 | Issuer's Board of Directors approved the Share Election Program. |
| 07/29/2013 | Issuer's Shareholders approved the Share Election Program. |
| 07/01/2025 | Start of the quarterly period for which the RSU award was granted. |
| 09/30/2025 | End of the quarterly period for which the RSU award was granted. |
| 10/15/2025 | Date of RSU award transaction for 353 units, which vested immediately. |
| 10/17/2025 | Signature date of the reporting person on the Form 4 filing. |
| 2026 | Year of the Issuer's annual general meeting, immediately prior to which 4,713 unvested RSUs will vest. |
Keywords
FLEX LTD., FLEX, Michael E. Hurlston, Form 4, Restricted Share Units, RSU, Director Compensation, Insider Transaction, Equity Award, Beneficial Ownership
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