Flex awards $4.6M supplemental equity to Hartung and Tan; retention-focused

FLEX LTD.

One-time supplemental awards: $4.6M grant date fair value each for CEO Michael P. Hartung and President Hooi Tan.
Awards split 50/50 between performance-based PSUs (adjusted EPS growth CAGR FY25-27) and time-based RSUs.
PSUs pay out 0%-200% of target; earned PSUs vest in two equal installments on Mar 31, 2028 and 2029.
RSUs cliff vest on third anniversary; no acceleration for retirement or non-cause termination without change of control.
Awards designed to support long-term retention and align with shareholder value creation over ~5-year period.

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