Flex Ltd chief commercial officer sells $332,352 in shares By Investing.com

Michael P. Hartung, Chief Commercial Officer at LTD. (FLEX), reported the sale of 2,755 ordinary shares of the company on August 18, 2026. The transactions totaled approximately $332,352, with shares sold at weighted average prices ranging from $119.7946 to $123.248. The stock has since declined, currently trading at $110.32, down 12.6% over the past week according to InvestingPro data. Despite the recent pullback, FLEX shares have surged 123% over the past year, reflecting strong investor confidence in the electronic equipment manufacturer.

According to a footnote in the filing, these sales were conducted to cover tax withholding obligations in connection with the vesting of restricted share units (RSUs).

Following these transactions, Mr. Hartung directly holds 243,175 ordinary shares. This figure includes various unvested restricted share units, which represent a contingent right to receive unrestricted shares upon vesting. For deeper insights into FLEX’s executive compensation, financial health, and valuation metrics, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.

In other recent news, Flex reported its first-quarter fiscal 2027 results, surpassing Wall Street expectations. The company achieved adjusted earnings of $1.00 per share, which exceeded analyst projections of 90 cents per share. Additionally, Flex’s revenue reached $7.9 billion, surpassing the anticipated $7.52 billion. These results mark a significant performance improvement, with earnings per share increasing by 39% compared to the previous year. Despite these positive financial outcomes, investor attention appeared to be directed towards Flex’s cash flow, capital spending, and plans for a significant spin-off. No analyst upgrades or downgrades were reported in conjunction with these earnings results. These developments highlight the company’s recent financial performance and strategic considerations.

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