Form 4: PLEXUS CEO Sells Shares Under Pre-Arranged 10b5-1 Plan

PLEXUS Corp. President and CEO, Todd P. Kelsey, sold 1,500 shares of common stock for $143.7 per share under a pre-arranged Rule 10b5-1 plan.

Summary

• Todd P. Kelsey, President & CEO and Director of PLEXUS Corp. (PLXS), reported a transaction involving the company's common stock.
• On October 1, 2025, Mr. Kelsey disposed of 1,500 shares of common stock.
• The shares were sold at a price of $143.7 per share.
• This transaction was executed pursuant to a Rule 10b5-1 plan, which was adopted on August 16, 2024.
• Following this transaction, Mr. Kelsey beneficially owns 69,214 shares of PLEXUS Corp. common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can be perceived negatively, the fact that it was conducted under a pre-arranged Rule 10b5-1 plan mitigates concerns that it signals a lack of confidence in the company's future performance.

Negatives

• A key executive, Todd P. Kelsey, sold 1,500 shares of common stock, reducing his direct beneficial ownership.

Risks

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived by the market as a signal, though the pre-planned nature mitigates immediate concerns.

Future Outlook

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

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The sale by a key executive slightly reduces insider ownership, but the pre-planned nature of the transaction under Rule 10b5-1 suggests it is part of a personal financial management strategy rather than a reaction to new company-specific information.

Key Dates

Recommendation

The sale of 1,500 shares by the CEO, while a reduction in insider ownership, was executed under a pre-arranged 10b5-1 plan. Such plans are typically set up for personal financial planning and do not usually signal a change in management's outlook on the company's prospects. Without additional information or a more significant sale, this single transaction does not warrant a change from a 'hold' recommendation.

Keywords

PLEXUS, PLXS, Form 4, Insider Trading, Stock Sale, Todd P. Kelsey, 10b5-1 Plan, CEO, Director