AI English summary of an SEC filing — figures as filed
Flex FLEXFlex said its Board of Directors, on the recommendation of the Compensation and People Committee, approved on June 19, 2025 a one-time supplemental equity award under the Amended and Restated 2017 Equity Incentive Plan to Revathi Advaithi, its Chief Executive Officer.
Key points
AI summaryFlex said its Board of Directors, on the recommendation of the Compensation and People Committee, approved on June 19, 2025 a one-time supplemental equity award under the Amended and Restated 2017 Equity Incentive Plan to Revathi Advaithi, its Chief Executive Officer.
The company said the grant-date fair value at target of the award is $25,000,000 and that it consists entirely of performance-based restricted share units (PSUs). It said the number of PSUs earned will depend primarily on data center business performance at the end of fiscal 2028, with payouts ranging from 0% to 250% of target.
Flex said the maximum number of PSUs is capped based on relative total shareholder return (rTSR) over a 3-year period from June 19, 2025 to June 19, 2028. The cap is 250% of target if rTSR is at or above the median, 200% of target if rTSR is below the median, and 100% of target if rTSR is below the 25th percentile.
The company said the award does not provide accelerated or continued vesting if the executive retires or her employment ends due to Disability. If she is terminated without cause or resigns for good reason, in either case absent a change of control, she receives ratable vesting. If such a termination occurs within 24 months after a change of control, she receives 100% accelerated vesting.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
CEO One-Time Supplemental Equity Award Approved
Flex said its Board of Directors, on the recommendation of the Compensation and People Committee, approved on June 19, 2025 a one-time supplemental equity award under the Amended and Restated 2017 Equity Incentive Plan to Revathi Advaithi, its Chief Executive Officer.
Source · Based on the filing body and exhibits
PSUs Valued at $25,000,000 at Target
The company said the grant-date fair value at target of the award is $25,000,000 and that it consists entirely of performance-based restricted share units (PSUs). It said the number of PSUs earned will depend primarily on data center business performance at the end of fiscal 2028, with payouts ranging from 0% to 250% of target.
Source · Based on the filing body and exhibits
Payout Cap Based on Relative TSR
Flex said the maximum number of PSUs is capped based on relative total shareholder return (rTSR) over a 3-year period from June 19, 2025 to June 19, 2028. The cap is 250% of target if rTSR is at or above the median, 200% of target if rTSR is below the median, and 100% of target if rTSR is below the 25th percentile.
Source · Based on the filing body and exhibits
Vesting Terms on Retirement or Termination
The company said the award does not provide accelerated or continued vesting if the executive retires or her employment ends due to Disability. If she is terminated without cause or resigns for good reason, in either case absent a change of control, she receives ratable vesting. If such a termination occurs within 24 months after a change of control, she receives 100% accelerated vesting.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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