Form 4: Plexus Corp CEO Todd P. Kelsey Sells Shares Under 10b5-1 Plan
SEC Filing
Plexus Corp's CEO, Todd P. Kelsey, sold 1,500 shares of common stock on January 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On January 2, 2025, Todd P. Kelsey, the President & CEO of Plexus Corp, sold 1,000 shares of common stock at a weighted average price of $155.9979.
- He also sold an additional 500 shares at $157.17 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on August 16, 2024.
- Following these sales, Kelsey directly owns 74,271 shares of Plexus Corp.
- The sales were reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. Rule 10b5-1 plans allow corporate insiders to sell shares at predetermined times and prices.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of adoption of Rule 10b5-1 plan |
| 01/02/2025 | Date of stock sale |
| 01/03/2025 | Date of Form 4 filing |
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