secwatch.observer — SEC 8-K summary
======================================

Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2025-06-25T23:59:59+00:00
Accession:  0000866374-25-000035
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000086637425000035/0000866374-25-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000086637425000035/flex-20250619.htm
  HTML page:      https://secwatch.observer/filing/0000866374-25-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer