Form 4: Plexus Corp CEO Todd P. Kelsey Reports Stock Sales

Plexus Corp CEO Todd P. Kelsey reported the sale of common stock in a series of transactions, according to a Form 4 filing with the SEC.

Summary

• On February 23, 2024, Todd P. Kelsey, CEO of Plexus Corp, sold 2,500 shares of common stock at a price of $95.48 per share.
• Following this transaction, Mr. Kelsey directly owns 127,810 shares.
• On February 26, 2024, Mr. Kelsey sold another 2,500 shares at a weighted average price of $94.4652 per share, with prices ranging from $94.39 to $94.54.
• After this sale, Mr. Kelsey directly owns 125,310 shares.
• On February 27, 2024, Mr. Kelsey sold 2,000 shares at $95 per share, reducing his direct holdings to 123,310 shares.
• Mr. Kelsey also indirectly owns 10,063 shares through the Plexus Corp 401(k) Retirement Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting stock sales by the CEO. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions. The sentiment is neutral.

Industry Context

Form 4 filings are a routine part of the regulatory landscape, providing transparency into the trading activities of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• Shareholders may interpret the stock sales as a lack of confidence in the company's future performance, although there could be various personal financial reasons for the transactions.

Key Dates