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

Plexus Corp's CEO, Todd P. Kelsey, sold 1,500 shares of common stock at an average price of $163.7108 per share, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Todd P. Kelsey, the President and CEO of Plexus Corp, sold 1,500 shares of the company's common stock.
• The sale occurred on December 2, 2024, at a weighted average price of $163.7108 per share.
• The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 16, 2024.
• Following the transaction, Mr. Kelsey directly owns 75,771 shares of Plexus Corp stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged plan, with no indication of positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often part of pre-planned strategies for personal financial management. The use of a 10b5-1 plan indicates that the sale was pre-arranged and not based on any non-public information.

Comparison to Industry Standards

• Executive stock sales are a common practice across publicly traded companies.
• The use of a 10b5-1 plan is a standard method for executives to sell shares without raising concerns about insider trading.
• The volume of shares sold is relatively small compared to the total outstanding shares of Plexus Corp.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial position.

Key Dates

Keywords

Plexus Corp, Todd P. Kelsey, stock sale, 10b5-1 plan, insider trading, executive transaction