Form 4: Plexus Corp CEO Todd P. Kelsey Reports Stock Sales Under 10b5-1 Plan

Plexus Corp CEO Todd P. Kelsey reported the sale of company stock on February 29th and March 1st, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Todd P. Kelsey, CEO of Plexus Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On February 29, 2024, Kelsey sold 2,000 shares of Plexus Corp stock at a price of $94 per share.
• On March 1, 2024, Kelsey sold an additional 2,000 shares at $94.45 per share and 2,500 shares at a weighted average price of $94.9322 per share (ranging from $94.77 to $95.02).
• These sales were executed under a Rule 10b5-1 trading plan adopted on May 11, 2023.
• Following these transactions, Kelsey directly owns 116,810 shares of Plexus Corp stock and indirectly owns 10,063 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-arranged. However, investors often monitor these transactions for insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates