Flex Ltd.
Flex Ltd. Announces Supplemental Equity Awards to Key Executives
Summary
On September 25, 2024, Flex Ltd.'s Board of Directors approved grants of one-time supplemental equity awards to Michael P. Hartung and Hooi Tan, both named executive officers. The awards, totaling $4.6 million each, are intended to support long-term retention and incentivize outstanding shareholder returns. Half of the award consists of performance-based restricted share units, with vesting contingent on achieving specific earnings per share growth targets over three years, and the other half consists of service-based restricted share units, vesting on the third anniversary of the grant date. These awards are subject to more restrictive vesting conditions than the Company's standard equity awards.
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About Flex Ltd.
Flex Ltd. is a leading manufacturing and supply chain solutions provider that operates on a global scale. The company primarily focuses on developing and delivering innovative product solutions for a broad range of industries including consumer electronics, industrial automation, automotive, healthcare, and energy. Leveraging advanced technologies and supply chain expertise, Flex Ltd. offers comprehensive services ranging from design, engineering, and manufacturing to logistics and post-production support. As a key player in the manufacturing sector, the company enables its clients to streamline their operations, reduce costs, and accelerate time-to-market for new products. Flex Ltd.'s strategic global footprint, encompassing facilities and offices in over 30 countries, highlights its significant role in facilitating a seamless flow of goods across international markets. Founded in 1969 and headquartered in Singapore, Flex Ltd. continues to influence how businesses adapt to evolving technological and market demands with its commitment to efficiency, sustainability, and innovation.
Official SEC Documents
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