Flex amends equity plan for double-trigger vesting; CEO added to enhanced severance plan

FLEX LTD.

Board approved amendment to 2017 Equity Incentive Plan clarifying double-trigger vesting of awards assumed in a change of control, effective March 5, 2025.
CEO Revathi Advaithi added to amended Executive Severance Plan; prior separate offer letter severance replaced.
Under new plan, CEO receives 2.99x base salary plus target bonus, accelerated equity, and 3 years benefits upon qualifying termination within 24 months of a change of control.
Other participants receive 2x multiplier and 2 years benefits; no material change to non-change-of-control severance.

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