Form 4: Plexus Corp CEO Todd P. Kelsey Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Plexus Corp's CEO, Todd P. Kelsey, sold 1,656 shares of common stock at $115 per share on July 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 16, 2024, Todd P. Kelsey, the President & CEO of Plexus Corp, sold 1,656 shares of Plexus Corp common stock.
- The shares were sold at a price of $115 per share.
- The sale was executed under a Rule 10b5-1 trading plan adopted on May 11, 2023.
- Following the transaction, Kelsey directly owns 96,682 shares of Plexus Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an insider under a pre-arranged plan. 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 trading on inside information. The use of a 10b5-1 plan provides a legal framework for 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, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| May 11, 2023 | Date of adoption of Rule 10b5-1 plan |
| July 16, 2024 | Date of stock sale transaction |
| July 18, 2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.