Flex CEO Revathi Advaithi receives $25M performance equity award tied to data center growth

FLEX LTD.

Grant date fair value at target of $25M in performance-based restricted share units (PSUs).
PSUs cliff-vest after fiscal 2028 based on data center business performance; payout 0%–250% of target.
Overall payout capped by relative TSR over 3 years: 250% if at/above median, 100% if below 25th percentile.
Award has restrictive vesting: no acceleration for retirement or disability, unlike standard equity awards.
Designed to retain CEO and align compensation with long-term shareholder value and data center growth plans.

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