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

Plexus Corp's CEO, Todd P. Kelsey, reports acquisition and disposal of common stock and performance stock units on February 11, 2025.

Summary

• On February 11, 2025, Todd P. Kelsey, the President & CEO of Plexus Corp, reported transactions involving Plexus Corp's common stock and Performance Stock Units (PSUs).
• Kelsey acquired 17,115 shares of common stock through the vesting of Performance Stock Units.
• He also disposed of 8,045 shares of common stock to cover tax obligations at a price of $140.83 per share.
• Following these transactions, Kelsey directly owns 89,665 shares of Plexus Corp common stock.
• The vesting of the PSUs was based on the company's performance during a three-year period, specifically the relative total shareholder return (TSR) compared to companies in the S&P 400 Index, resulting in 150% vesting of the TSR-related portion of the PSUs granted in fiscal year 2022.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions. The vesting of PSUs at 150% is a positive sign, but the sale of shares to cover taxes is a routine event.

Positives

• The vesting of Performance Stock Units at 150% indicates strong company performance relative to the S&P 400 index.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. The vesting of PSUs based on TSR performance is a standard practice to align management's interests with those of shareholders.

Stakeholder Impact

• The vesting of PSUs at 150% could positively impact shareholder sentiment, reflecting strong company performance.

Key Dates