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

Plexus Corp.'s Executive VP & COO, Oliver K. Mihm, sold 2,327 shares of common stock for $143.18 per share under a pre-arranged trading plan.

Summary

• Oliver K. Mihm, Executive VP & COO of Plexus Corp. (PLXS), reported a transaction involving the company's common stock.
• Mihm disposed of 2,327 shares of Plexus Corp. common stock on November 25, 2025.
• The shares were sold at a price of $143.18 per share.
• Following this sale, Mihm directly beneficially owns 18,442 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) trading plan, indicating it was pre-scheduled.

Sentiment

Score: 5

Explanation: A neutral score. While an insider sale can be seen as slightly negative, the fact it's under a 10b5-1 plan mitigates concerns, suggesting it's part of routine financial planning rather than a signal about company performance.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned sale rather than a reaction to recent, undisclosed events, which can mitigate concerns about insider selling.

Negatives

• An insider sale, even if pre-planned, reduces management's direct equity stake in the company, which some investors might perceive as a slight negative.

Future Outlook

NA

Industry Context

This filing is specific to Plexus Corp. and its executive's stock transaction, offering no direct insights into broader industry trends or competitor activities.

Related Party Transactions

• The reported transaction is an insider sale of common stock by an executive, which is a type of related party transaction.

Stakeholder Impact

• Shareholders might interpret the insider sale as a slight negative, though the 10b5-1 plan mitigates concerns about its implications for future company performance.

Key Dates

Recommendation

The insider sale by the Executive VP & COO, while reducing his direct stake, was conducted under a Rule 10b5-1 plan. This suggests a pre-planned financial event rather than a reaction to new company developments, thus not warranting a change in investment thesis based solely on this filing. The company's underlying fundamentals should be the primary driver for investment decisions.

Keywords

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