Form 4: PLEXUS CEO Sells 3,000 Shares of Common Stock in Open Market Transactions

PLEXUS Corp.'s President and CEO, Todd P. Kelsey, reported the sale of 3,000 shares of the company's common stock across three separate transactions in late May 2025.

Summary

• Todd P. Kelsey, President & CEO and Director of PLEXUS CORP (PLXS), reported the sale of 3,000 shares of common stock.
• On May 23, 2025, Mr. Kelsey sold 1,000 shares at a price of $130.00 per share.
• On May 27, 2025, he sold an additional 1,000 shares at $131.10 per share.
• Also on May 27, 2025, a further 1,000 shares were sold at $132.25 per share.
• Following these transactions, Mr. Kelsey beneficially owns 76,714 shares of PLEXUS Corp. common stock.
• The reported transactions were not made pursuant to a Rule 10b5-1 trading plan.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the sale of shares by a key executive, especially given that the transactions were not conducted under a pre-arranged Rule 10b5-1 plan, which might suggest a more immediate decision to sell rather than a routine diversification.

Negatives

• The sale of 3,000 shares by a key executive (President & CEO) could be interpreted by some investors as a signal of reduced confidence in the company's near-term stock performance or that the stock is fully valued.
• The transactions were not conducted under a Rule 10b5-1 trading plan, which means they were not pre-scheduled and could imply a more immediate decision to sell.

Future Outlook

NA

Industry Context

This Form 4 filing reports an insider transaction and does not provide broader industry context or trends. Insider sales are common for various personal financial planning reasons, but the absence of a 10b5-1 plan can sometimes draw more scrutiny.

Stakeholder Impact

• Shareholders may interpret the executive's sale as a signal regarding the company's valuation or future prospects, potentially influencing their investment decisions.

Key Dates

Keywords

PLEXUS CORP, PLXS, Insider Sale, Form 4, Executive Stock Sale, Todd P. Kelsey, Beneficial Ownership, Common Stock