Form 4: Plexus CEO Sells 1,500 Shares Under 10b5-1 Plan

Plexus Corp's President and CEO, Todd P. Kelsey, sold 1,500 shares of common stock for $134.54 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Todd P. Kelsey, President & CEO and Director of Plexus Corp (PLXS), sold 1,500 shares of common stock.
• The transaction occurred on September 2, 2025, at a price of $134.54 per share.
• Following this sale, Mr. Kelsey beneficially owns 70,714 shares of Plexus Corp common stock.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted on August 16, 2024.

Sentiment

Score: 5

Explanation: Neutral. The sale was pre-planned under a 10b5-1 plan, which mitigates negative sentiment often associated with insider sales, indicating a scheduled liquidity event rather than a reaction to new information.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 plan, indicating a scheduled liquidity event rather than a reaction to new, potentially negative, information.

Negatives

• Insider sales, even when pre-planned, can sometimes be perceived by the market as a reduction in management's direct equity stake, which some investors may view with caution.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

This filing pertains to an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders may note a slight reduction in direct insider ownership, though the pre-planned nature of the sale under a 10b5-1 plan typically minimizes concerns about management's confidence in the company.

Key Dates

Recommendation

The insider sale by the CEO was conducted under a pre-established 10b5-1 plan, indicating a scheduled liquidity event rather than a reaction to new material information. While a reduction in insider ownership is generally not a positive signal, the planned nature of the transaction suggests it should not be interpreted as a loss of confidence in the company's future prospects. Therefore, the filing itself does not provide a strong basis for a change in investment thesis, warranting a 'hold' recommendation.

Keywords

Plexus Corp, PLXS, Todd P. Kelsey, Insider Sale, Form 4, 10b5-1 Plan, Common Stock, CEO, Director