Form 4: Flextronics Director Pat Ward Transfers Shares to Revocable Trust
SEC Form 4 Filing
Director Pat Ward reports transferring shares to a revocable trust and discloses holdings of restricted share units.
Summary
- On September 9, 2024, Pat Ward, a director of FLEX Ltd., transferred 9,601 ordinary shares to the Patrick J. Ward Revocable Trust.
- Following the transaction, Ward directly owns 6,889 unvested restricted share units (RSUs).
- Ward also indirectly owns 25,874 ordinary shares and 505 ordinary shares through a trust.
- The 6,889 unvested RSUs vest in full immediately prior to the date of Issuer's 2025 annual general meeting.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Related Party Transactions
- The transfer of shares to the Patrick J. Ward Revocable Trust, of which the reporting person and his spouse are co-trustees, constitutes a related party transaction.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/16/2011 | Date of the Patrick J. Ward Revocable Trust u/a/d |
| 09/09/2024 | Date of share transfer transaction |
| 09/11/2024 | Date of report signature |
| 2025 | RSUs vest in full immediately prior to the date of Issuer's 2025 annual general meeting |
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