Form 4: Flextronics Director Charles K. Stevens III Sells Shares
SEC Form 4 Filing
Director Charles K. Stevens III sold 13,157 shares of FLEX LTD. on November 6, 2024.
Summary
- Charles K. Stevens III, a director of FLEX LTD., sold 13,157 ordinary shares on November 6, 2024.
- The sale price was $38.6924 per share.
- Following the transaction, Stevens directly owns 55,713 shares, including 6,889 unvested restricted share units (RSUs).
- These RSUs vest in full immediately prior to the date of the Issuer's 2025 annual general meeting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a share sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of a transaction by a company insider. It's common for directors and officers to buy and sell shares of their company, and these transactions are closely monitored by regulators and investors.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the director's reasons for selling.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of the transaction: sale of 13,157 ordinary shares. |
| 11/08/2024 | Date of signature on the Form 4 filing. |
| 2025 | RSUs vest in full on the date immediately prior to the date of Issuer's 2025 annual general meeting. |
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