Form 4: Plexus CEO Sells Shares After RSU Vesting

Plexus Corp. President and CEO, Todd P. Kelsey, reported the acquisition of shares from vested Restricted Stock Units followed by multiple sales of common stock.

Summary

• Todd P. Kelsey, President & CEO and Director of Plexus Corp. (PLXS), reported transactions involving the company's common stock.
• On January 30, 2026, Kelsey acquired 31,290 shares of common stock upon the vesting and settlement of Restricted Stock Units (RSUs) granted under the 2016 Omnibus Incentive Plan.
• Following the RSU vesting, Kelsey disposed of 14,724 shares on January 30, 2026, at a price of $199.33 per share, likely for tax withholding purposes.
• On February 3, 2026, Kelsey sold a total of 8,120 shares of common stock in multiple transactions at weighted average prices ranging from $204.5332 to $208.85 per share.
• After all reported transactions, Kelsey beneficially owns 78,598 shares of Plexus Corp. common stock directly.
• The reported sales were made pursuant to a Rule 10b5-1 pre-arranged trading plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While there are sales, they are typical for RSU vesting and were conducted under a Rule 10b5-1 plan, suggesting no immediate negative implications for the company's outlook.

Positives

• The vesting of 31,290 Restricted Stock Units indicates a successful long-term incentive compensation for the CEO.

Negatives

• Todd P. Kelsey sold a total of 22,844 shares of common stock (14,724 for tax withholding and 8,120 in open market sales) following the RSU vesting.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales, are common for executives receiving equity compensation like Restricted Stock Units. The use of a Rule 10b5-1 plan suggests a pre-scheduled sale, which typically mitigates concerns about opportunistic selling based on non-public information.

Comparison to Industry Standards

• StockSavvy.ai observes that the vesting of Restricted Stock Units and subsequent sales for tax purposes and personal liquidity are standard practices for executive compensation across various industries. There are no specific comparable companies or projects mentioned in this filing to provide a detailed comparison.

Stakeholder Impact

• Shareholders: The sale of shares by the CEO could be perceived as a slight negative, but the context of RSU vesting and a 10b5-1 plan mitigates concerns about a lack of confidence in the company. The CEO still retains a significant number of shares.

Key Dates

Recommendation

The transactions reported are routine insider sales following the vesting of Restricted Stock Units, executed under a pre-arranged Rule 10b5-1 trading plan. This type of activity is common for executives managing their equity compensation and does not typically signal a change in the company's fundamental outlook or warrant a change in investment thesis based solely on this filing. The CEO retains a substantial holding, suggesting continued alignment with shareholder interests.

Keywords

Plexus Corp, PLXS, Form 4, Insider Trading, Todd P. Kelsey, CEO, Stock Sale, RSU Vesting, Equity Compensation, Rule 10b5-1