Form 4: Dean A. Foate Reports Changes in Beneficial Ownership of Plexus Corp.

Dean A. Foate, Chairman of the Board at Plexus Corp, reports changes in beneficial ownership, including the acquisition of restricted stock units.

Summary

• Dean A. Foate, Chairman of the Board at Plexus Corp, filed a Form 4 to report changes in beneficial ownership.
• The report indicates that Foate directly owns 108,059 shares of Plexus Corp. common stock.
• Foate also indirectly owns 20,000 shares through a trust where he serves as trustee.
• Additionally, Foate acquired 1,325 restricted stock units (RSUs) on February 3, 2025, which vest on February 3, 2026.
• Each RSU represents a contingent right to receive one share of Plexus Corp. common stock under the 2024 Omnibus Incentive Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock units aligns Foate's interests with the long-term performance of Plexus Corp.
• The RSUs vest on February 3, 2026, incentivizing continued service and contribution to the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the ownership positions of company insiders. This filing indicates changes in Dean A. Foate's holdings in Plexus Corp.

Stakeholder Impact

• Shareholders are informed about changes in the beneficial ownership of a key company executive.

Key Dates

Keywords

Form 4, Beneficial Ownership, Plexus Corp, PLXS, Dean A. Foate, Restricted Stock Units, RSU, Chairman of the Board