Sundar PichaiSundar Pichai earned $164M in 2023

Revathi Advaithi has been the CEO of Flex Ltd. since February 2019. She came to Flex after holding notable positions at Eaton Corporation, where she was President and Chief Operating Officer. Her academic background is impressive: she earned a Bachelor...

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Revathi Advaithi

CEO of Flex Ltd.

Education

Bachelor of Arts in Biological Basis of Behavior and Medical Doctorate degrees from the University of Pennsylvania; Ph.D. in Physiology and Biophysics at the University of Louisville, Kentucky.

Field of Expertise

Healthcare & Life Sciences - Healthcare

Sector of Economy

Technology

CEO of Flex Ltd. for

6 years 4 months (Feb 2019 - Present)

Previous Experience

President and General Manager of Medical Solutions at 3M Company; held multiple roles including President of Critical and Chronic Care Solutions, and Senior Vice President of R&D and Regulatory Affairs, Chief Technology Officer (CTO) & Chief Medical Officer (CMO) of 3M Healthcare.

Holdings

See how much did Revathi Advaithi make over time.

Revathi Advaithi's holdings are notable. She has seen her insider trading activity include significant share transactions, peaking with a total value of over $72 million in 2024. This spike in value is a clear indicator of her confidence in Flex's...

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Total Stock Sold

$52.32M

ETN

$5.63M

78,251 ETN shares

FLEX

$46.68M

2,016,844 FLEX shares

What if they kept their stock?

If Revathi Advaithi didn't sell their stock, today they would have:
Extra ETN78,251 shares worth $6.69M and FLEX2,016,844 shares worth $20.02M.
This is -48.95% and $25.61M less than what they got when they sold the stock.

Charitable Transactions

FLEX

825,000 shares

FLEX

Recent Charitable Transactions

FLEX

825,000 shares

FLEX

Sep 10, 2024

Charity

Insider Trading

See recent insider trades of Revathi Advaithi.

FLEX

825,000 shares

FLEX

Sep 10, 2024

Charity

FLEX

$1.16M

FLEX at $31.30/share

Jun 17, 2024

Sale

FLEX

$4.20M

FLEX at $32.13/share

Jun 11, 2024

Sale

FLEX

437,522 shares

FLEX

Jun 11, 2024

Received

FLEX

$1.76M

FLEX at $32.20/share

Jun 11, 2024

Sale

FLEX

$1.99M

FLEX at $32.53/share

Jun 4, 2024

Sale

FLEX

$4.61M

FLEX at $28.65/share

May 8, 2024

Sale

FLEX

337,416 shares

FLEX

May 8, 2024

Received

FLEX

$6.55M

FLEX at $27.29/share

Jul 31, 2023

Sale

FLEX

197,072 shares

FLEX

Jun 14, 2023

Received

Compensation History

See how much did Revathi Advaithi make over time.

Revathi Advaithi's compensation as CEO of Flex Ltd. has been closely linked to performance metrics of the company. In 2023, her total pay reached approximately $15.6 million, with a base salary of $1.33 million and bonuses based on adjusted operating profit, cash flow, and revenue. The significant portion of her earnings comes from stock awarded for meeting performance targets, reflecting Flex's commitment to align incentives with results. Notably, her compensation includes various forms of stock awards, with custodianship of vested shares reaching over $3.2 million. The structure of her pay demonstrates the company's philosophy of paying for performance, emphasizing growth and financial resilience as central to their success. This model not only incentivizes her leadership but also underscores the challenges Flex faces in a competitive landscape.

Year

2023

Total Compensation

$6.88M

Salary

$1.33M

Board Justification

Flex's compensation philosophy emphasizes alignment of pay with performance, focusing on attracting and retaining top talent while ensuring that compensation is competitive and linked to the company's financial objectives.

Bonus

$1.86M

Board Justification

Based on performance metrics including adjusted operating profit, adjusted free cash flow, and revenue, with a cap of 200% of target. The actual payout was 85% of target due to performance thresholds not being met across all metrics.

Other

$479.25K

Board Justification

Includes contributions to the deferred compensation plan, long-term disability insurance premiums, and personal aircraft usage costs.

Restricted Stock

$3.22M(112.47K RSU)

Board Justification

Vested shares from restricted stock units (RSUs) and performance stock units (PSUs) based on performance metrics achieved during the fiscal year.

Performance Metrics

Performance metrics for the CEO's compensation included adjusted operating profit, adjusted free cash flow, and revenue.

Other Flex Ltd. CEOs

Here are other CEOs of Flex Ltd.