Form 4: Flex Ltd. Chief Accounting Officer Daniel Wendler Sells Shares to Cover Tax Obligations

Daniel Wendler, Chief Accounting Officer of Flex Ltd., sold 1,670 ordinary shares to cover tax withholding obligations related to the vesting of restricted share units.

Summary

• Daniel Wendler, the Chief Accounting Officer of Flex Ltd., reported a transaction involving the sale of company shares.
• On June 4, 2024, Wendler sold 1,670 ordinary shares at a weighted average price of $32.5313 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted share units (RSUs).
• Following the transaction, Wendler beneficially owns 27,060 ordinary shares, including unvested RSUs that will vest in installments through June 2025.
• Wendler has granted power of attorney to Paul R. Lundstrom, Scott Offer, Kristine Murphy, Joy Bartolome and Donald T. Rozak, Jr. to handle SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document reflects a neutral sentiment as it reports a routine transaction related to executive compensation and tax obligations.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This is a routine Form 4 filing, which is common for corporate officers who have stock-based compensation. It indicates that the officer is managing their personal finances and tax obligations related to their equity compensation.

Stakeholder Impact

• The sale of shares by an officer could have a minor, short-term impact on the stock price, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates