Form 4: Plexus Corp CEO Todd P. Kelsey Sells Shares

Plexus Corp CEO Todd P. Kelsey sold 5,000 shares of common stock in two transactions on July 31 and August 1, 2024.

Summary

• Todd P. Kelsey, President & CEO of Plexus Corp, reported changes in beneficial ownership of the company's stock.
• On July 31, 2024, Kelsey sold 3,000 shares of common stock at a price of $128.40 per share.
• On August 1, 2024, Kelsey sold 2,000 shares of common stock at a price of $127.80 per share.
• Following these transactions, Kelsey directly owns 91,682 shares of Plexus Corp.
• The sale on August 1, 2024, was executed pursuant to a Rule 10b5-1 plan adopted on May 11, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a change in beneficial ownership. The sentiment is neutral as it simply reports transactions without expressing any opinion or outlook.

Industry Context

Executive stock sales are a common occurrence and can be for various personal financial planning reasons. It's important to consider the context of these sales in relation to overall company performance and insider sentiment.

Stakeholder Impact

• The stock sale by the CEO could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although sales under 10b5-1 plans are often pre-planned and less impactful.

Key Dates