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

PLEXUS Corp's President and CEO, Todd P. Kelsey, sold 5,500 shares of common stock over three days in November 2025, pursuant to a pre-arranged Rule 10b5-1 plan.

Summary

• Todd P. Kelsey, President & CEO and Director of PLEXUS CORP (PLXS), reported the sale of common stock.
• A total of 5,500 shares of Common Stock, $.01 par value, were disposed of across three separate transactions.
• On November 3, 2025, 1,500 shares were sold at a price of $139.12 per share.
• On November 4, 2025, 2,000 shares were sold at a price of $143.50 per share.
• On November 5, 2025, an additional 2,000 shares were sold at a price of $145.10 per share.
• All sales were conducted pursuant to a Rule 10b5-1 plan, which was adopted on August 16, 2024.
• Following these transactions, Todd P. Kelsey beneficially owns 58,714 shares of PLEXUS CORP common stock directly.

Sentiment

Score: 5

Explanation: The sale of shares by the CEO, while a reduction in insider ownership, was conducted under a pre-arranged Rule 10b5-1 plan, which mitigates the immediate negative interpretation often associated with insider selling. It suggests planned diversification rather than a reaction to new, adverse information.

Positives

• The sales were executed under a pre-arranged Rule 10b5-1 plan, which indicates a planned divestment strategy rather than an immediate reaction to new, non-public information, enhancing transparency and mitigating concerns about opportunistic insider trading.

Negatives

• President & CEO Todd P. Kelsey reduced his direct beneficial ownership in PLEXUS CORP by 5,500 shares, which could be perceived by some investors as a slight negative signal regarding future growth prospects or valuation.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction report is specific to PLEXUS CORP and does not provide information directly related to broader industry trends or competitor activities. It reflects an individual executive's personal financial planning.

Stakeholder Impact

• Shareholders may interpret the CEO's sale of shares as a signal, though the existence of a 10b5-1 plan suggests a pre-planned personal financial decision rather than a reflection of immediate company performance or outlook.

Key Dates

Recommendation

The insider sale by the President & CEO, Todd P. Kelsey, was executed under a Rule 10b5-1 plan, indicating a pre-scheduled transaction for personal financial planning rather than a reaction to recent company performance or outlook. While a reduction in insider ownership, this type of planned sale typically has a neutral to slightly negative impact on investor sentiment. Without additional fundamental news, a 'hold' recommendation is appropriate, advising investors to monitor future company performance and other market indicators.

Keywords

PLEXUS CORP, PLXS, insider transaction, Form 4, stock sale, CEO, Todd P. Kelsey, 10b5-1 plan