Form 4: Plexus Corp CEO Todd P. Kelsey Sells 2,000 Shares Under 10b5-1 Plan

Plexus Corp CEO Todd P. Kelsey reported the sale of 2,000 shares of common stock at $94.38 per share on April 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 1, 2024, Todd P. Kelsey, CEO of Plexus Corp, sold 2,000 shares of the company's common stock at a price of $94.38 per share.
• The sale was executed under a Rule 10b5-1 trading plan adopted on May 11, 2023.
• Following the transaction, Kelsey directly owns 114,810 shares of Plexus Corp.
• Kelsey also indirectly owns 10,063 shares through the Plexus Corp 401(k) Retirement Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of pre-planned trading programs like Rule 10b5-1 plans, which allow insiders to sell shares over a period of time without being accused of trading on non-public information. The market typically assesses the size and frequency of such sales to gauge potential impact.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates