Form 4: Plexus COO Sells Shares Under 10b5-1 Plan

Plexus Corp.'s Executive VP & COO, Oliver K. Mihm, reported the sale of 1,748 shares of common stock at a weighted average price of $146.1129 per share under a pre-planned trading arrangement.

Summary

• Oliver K. Mihm, Executive VP & COO of Plexus Corp. (PLXS), reported a transaction involving company common stock.
• On November 10, 2025, Mihm disposed of 1,748 shares of Plexus Corp. common stock.
• The shares were sold at a weighted average price of $146.1129 per share, with individual trades ranging from $145.99 to $146.25.
• Following this transaction, Mihm directly beneficially owns 19,207 shares of common stock.
• Additionally, Mihm indirectly holds 981 shares in the Plexus Corp. 401(k) Retirement Plan.
• The transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled sale.

Sentiment

Score: 4

Explanation: A score of 4 reflects a slightly negative sentiment due to an executive share sale, although mitigated by the fact it was a pre-planned Rule 10b5-1 transaction. Such sales, while common, can still be perceived as a lack of immediate upside conviction by an insider.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled sale rather than a reaction to immediate company news, which can mitigate negative interpretations of insider selling.

Negatives

• An executive selling shares, even if pre-planned, can sometimes be perceived by investors as a lack of confidence in the company's near-term prospects.
• The sale reduces the executive's direct ownership stake in the company.

Future Outlook

NA

Industry Context

This insider transaction is a routine disclosure for public company executives. While a sale, even pre-planned, can sometimes be viewed negatively, it does not inherently indicate a shift in broader industry trends or competitive landscape for the electronics manufacturing services sector.

Stakeholder Impact

• Shareholders: May interpret the executive's sale as a signal, potentially influencing their investment decisions.

Key Dates

Recommendation

While an executive sale of shares can be a negative signal, the transaction was conducted under a Rule 10b5-1 plan, suggesting it was pre-scheduled and not necessarily a reaction to new negative information. Without additional company-specific news or broader market context, a 'hold' recommendation is appropriate, advising investors to monitor future company performance and insider activity.

Keywords

Plexus Corp, PLXS, Form 4, Insider Trading, Stock Sale, Executive Compensation, Oliver K. Mihm, Rule 10b5-1