Hartung of Flex Ltd. sells $2.5m in shares

Chief Commercial Officer Michael P. Hartung of FLEX LTD. (NASDAQ:FLEX), a $21.2 billion market cap electronic equipment manufacturer, sold 45,000 ordinary shares of the company on September 16, 2025, in two separate transactions. The sales amounted to a total value of $2,571,469. According to InvestingPro data, the company’s stock has delivered an impressive 81% return over the past year.

The first transaction involved 41,539 shares sold at a weighted average price of $57.0906, with prices ranging from $56.70 to $57.64. The second transaction involved 3,461 shares sold at a weighted average price of $57.7819, with prices ranging from $57.705 to $57.90. The stock is currently trading near its 52-week high of $58.59, with InvestingPro analysis indicating the company maintains a GOOD financial health score.

Following these transactions, Hartung directly owns 256,198 shares of FLEX LTD., including 138,396 unvested restricted share units (RSUs) that will vest at various dates in the future.

The sales were executed under a pre-arranged Rule 10b5-1(c) trading plan adopted on June 17, 2025.

In other recent news, Nextracker Inc. has completed the acquisition of Origami Solar for approximately $53 million, marking its entry into the solar panel frame market. This acquisition focuses on steel frames as an alternative to the traditional aluminum frames used in solar panels. Additionally, Nextracker launched the NX PowerMerge trunk connector, a new DC power component aimed at enhancing the reliability of solar power plant installations. Meanwhile, Flex Ltd. has filed a prospectus supplement with the SEC, which included a legal opinion from Allen & Gledhill LLP regarding the legality of certain shares.

Flex has also entered into a five-year warrant agreement with Amazon.com, indicating a potential long-term partnership, although specific business areas involved remain unspecified. KeyBanc Capital Markets has maintained its Overweight rating for Flex, seeing a recent stock sell-off as an opportunity. Despite concerns over its operating margin guidance, Flex exceeded fiscal first-quarter 2026 expectations and raised its revenue forecast to $26.5 billion. These developments highlight ongoing strategic moves and partnerships within both Nextracker and Flex, offering insights into their future directions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.