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

Plexus Corp CEO Todd P. Kelsey sold a portion of his holdings in two transactions on June 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On June 3, 2024, Todd P. Kelsey, CEO of Plexus Corp, sold shares of common stock in two separate transactions.
• The first transaction involved the sale of 673 shares at a weighted average price of $109.0477 per share, with prices ranging from $109.00 to $109.22.
• The second transaction involved the sale of 1,327 shares at a weighted average price of $110.3802 per share, with prices ranging from $110.30 to $110.525.
• These sales were executed under a Rule 10b5-1 trading plan adopted on May 11, 2023.
• Following these transactions, Kelsey directly owns 100,338 shares of Plexus Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by an insider under a pre-arranged plan, which is neutral in sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any inside information at the time of the transactions.

Stakeholder Impact

• The stock sales could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates