Flex Ltd. approves FY2024 executive bonus plan; CEO target at 165% of base salary

FLEX LTD.

CEO target award 165% of base salary; CFO 110%; other NEOs 100-110%.
Metrics: operating profit, free cash flow, revenue; ESG and individual performance modifiers up to +/-10%.
Payouts range from threshold (30% for profit/revenue, 50% for FCF) to 200% max.
Operating profit funding metric can adjust enterprise payout by +/-20 percentage points.

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