0001628280-24-001742.txt : 20240118 0001628280-24-001742.hdr.sgml : 20240118 20240118212836 ACCESSION NUMBER: 0001628280-24-001742 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240116 FILED AS OF DATE: 20240118 DATE AS OF CHANGE: 20240118 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HURLSTON MICHAEL E. CENTRAL INDEX KEY: 0001573338 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-23354 FILM NUMBER: 24543579 MAIL ADDRESS: STREET 1: 5300 CALIFORNIA AVENUE CITY: IRVINE STATE: CA ZIP: 92617 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_1705631305.xml FORM 4 X0508 4 2024-01-16 0 0000866374 FLEX LTD. FLEX 0001573338 HURLSTON MICHAEL E. C/O FLEXTRONICS INTERNATIONAL USA, INC. 12455G RESEARCH BLVD AUSTIN TX 78759 1 0 0 0 0 Ordinary Shares 2024-01-16 4 A 0 1154 0 A 62215 D On January 16, 2024, the Reporting Person was awarded a total of 1,154 restricted share units ("RSUs") pursuant to the terms of the Issuer's Share Election Program whereby directors elect to receive equity in lieu of cash compensation and as approved by Issuer's Board of Directors and Shareholders on 7/24/2013 and 7/29/2013, respectively. The award was granted for the quarterly period from 10/01/2023 to 12/31/2023. The award vested immediately upon grant. Includes 9,601 unvested RSUs, which vest in full on the date immediately prior to the date of Issuer's 2024 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable 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 2,183 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/ Michael E. Hurlston, by Kristine Murphy as attorney-in-fact 2024-01-18