Flex Ltd. management check
FLEX · Information Technology · Electronic Manufacturing Services · CEO Revathi Advaithi
Filings as of
2 good · 2 to watch · 0 flagged, across the seven questions below. Too few of them could be scored to rank this company.
- n/a
Have owners done well?
Not enough dataNo shareholder-return figures in the latest proxy.
- n/a
Does pay follow performance?
Not enough dataToo few years of pay and return figures to compare.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Watch
Do they own the stock?
Insiders are selling8 insiders sold $110.4m in the last six months and none bought. 38 of 139 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -7.4% a year over the last three fiscal years. Stock-based pay was 0.5% of revenue in the latest year.
- Watch
Is leadership stable?
11 leadership filings in 3 years11 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Information Technology.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | — | — | 33 |
| Pay for performance | — | — | 87 |
| CEO cost | — | — | 35 |
| Skin in the game | — | — | 47 |
| Dilution | 100 | 56 | |
| Stable leadership | 70 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electronic Manufacturing Services, by management score.
- 3SNDKSandisk94
- 7DELLDell Technologies90
- 15IBMIBM86
- 20NVDANvidia86
- 99TELTE Connectivity76
- 228JBLJabil66
Pay versus performance
From the proxy statement filed October 5, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
The latest proxy carries no tagged pay-versus-performance table. Read it on EDGAR.
Insiders and the CEO's stake
Revathi Advaithi (Chief Executive Officer) held 117,857 shares directly after their latest Form 4 on Aug 18, 2026.
8 insiders sold $110.4m in the last six months and none bought. 38 of 139 sales ran on pre-arranged 10b5-1 plans.
- SoldRevathi AdvaithiChief Executive Officer$67.4mJun 18, 2026
- SoldDavid Scott OfferEVP, General Counsel$16.1mJun 18, 2026
- SoldKwang Hooi TanChief Operating Officer$12.8mJun 18, 2026
- SoldMichael P HartungChief Commercial Officer$9.0mAug 18, 2026
Leadership and governance on file
- Sep 15, 2026Leadership change8-K 5.02
- Jun 12, 2026Leadership change8-K 5.02
- Jun 25, 2025Leadership change8-K 5.02
- Jun 13, 2025Leadership change8-K 5.02
- Mar 7, 2025Leadership change8-K 5.02
- Nov 22, 2024Leadership change8-K 5.02
- Sep 27, 2024Leadership change8-K 5.02
- Aug 16, 2024Leadership change8-K 5.02
- Jul 24, 2024Leadership change8-K 5.02
- Jun 14, 2024Leadership change8-K 5.02
- May 1, 2024Leadership change8-K 5.02
- Aug 7, 2023Leadership change8-K 5.02
Latest shareholder vote results: Aug 7, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $4.5bn returned to owners in buybacks and dividends, 105% of net income, and $643.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $24.6bn | $28.5bn | $26.4bn | $25.8bn | $27.9bn |
| Net income | $936.0m | $793.0m | $872.0m | $838.0m | $880.0m |
| Stock-based pay | $91.0m | $133.0m | $152.0m | $125.0m | $142.0m |
| Buybacks | $686.0m | $337.0m | $1.3bn | $1.3bn | $944.0m |
| Dividends | — | — | — | — | — |
| Diluted shares | 483m | 462m | 441m | 398m | 378m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.