Form 4: Plexus Corp CEO Todd P. Kelsey Sells 1,500 Shares Under 10b5-1 Plan

Plexus Corp's CEO, Todd P. Kelsey, executed a sale of 1,500 common stock shares at $127.29 per share on April 1, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 1, 2025, Todd P. Kelsey, the President & CEO of Plexus Corp, sold 1,500 shares of common stock.
• The sale was executed at a price of $127.29 per share.
• The transaction was conducted under a Rule 10b5-1 plan adopted on August 16, 2024.
• Following the transaction, Kelsey directly owns 81,214 shares of Plexus Corp.
• The Form 4 filing was signed by Kate A. Gitter, Attorney-in-Fact, on April 2, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.

Comparison to Industry Standards

• Rule 10b5-1 plans are a common tool used by corporate executives to diversify their holdings and avoid accusations of 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 could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Plexus Corp, Todd P. Kelsey, Form 4, Stock Sale, Rule 10b5-1, Insider Trading