0001628280-24-011045.txt : 20240313
0001628280-24-011045.hdr.sgml : 20240313
20240313205445
ACCESSION NUMBER: 0001628280-24-011045
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240312
FILED AS OF DATE: 20240313
DATE AS OF CHANGE: 20240313
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WENDLER DANIEL
CENTRAL INDEX KEY: 0001916194
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-23354
FILM NUMBER: 24747664
MAIL ADDRESS:
STREET 1: 6201 AMERICA CENTER DRIVE
STREET 2: ATTN: LEGAL
CITY: SAN JOSE
STATE: CA
ZIP: 95002
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FLEX LTD.
CENTRAL INDEX KEY: 0000866374
STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 000000000
STATE OF INCORPORATION: U0
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 2 CHANGI SOUTH LANE
CITY: SINGAPORE
STATE: U0
ZIP: 486123
BUSINESS PHONE: (65) 6876-9899
MAIL ADDRESS:
STREET 1: 2 CHANGI SOUTH LANE
CITY: SINGAPORE
STATE: U0
ZIP: 486123
FORMER COMPANY:
FORMER CONFORMED NAME: FLEXTRONICS INTERNATIONAL LTD.
DATE OF NAME CHANGE: 20060608
FORMER COMPANY:
FORMER CONFORMED NAME: FLEXTRONICS INTERNATIONAL LTD
DATE OF NAME CHANGE: 19940318
FORMER COMPANY:
FORMER CONFORMED NAME: FLEX HOLDINGS PTE LTD
DATE OF NAME CHANGE: 19940201
4
1
wk-form4_1710377674.xml
FORM 4
X0508
4
2024-03-12
0
0000866374
FLEX LTD.
FLEX
0001916194
WENDLER DANIEL
C/O FLEXTRONICS INTERNATIONAL USA, INC.
12455G RESEARCH BLVD
AUSTIN
TX
78759
0
1
0
0
Chief Accounting Officer
0
Ordinary Shares
2024-03-12
4
S
0
1860
28.8861
D
28730
D
The sale reported in this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted share units ("RSUs").
Price reflects weighted average sales price; actual sales prices ranged from $28.72 to $29.04. The Reporting Person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
Includes the following: (1) 8,321 unvested RSUs, which will vest in two equal annual installments beginning on June 1, 2024; (2) 9,716 unvested RSUs, which will vest in three equal annual installments beginning on June 14, 2024; and (3) 4,303 unvested RSUs, which will vest on March 9, 2025.
Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not been previously forfeited.
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 6,058 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.
/s/ Daniel Wendler, by Kristine Murphy as attorney-in-fact
2024-03-13