Form 4: Plexus Corp CEO Todd P. Kelsey Sells Shares Under 10b5-1 Plan
SEC Form 4
Plexus Corp CEO Todd P. Kelsey reports selling shares of the company's common stock in a series of transactions executed under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Todd P. Kelsey, CEO of Plexus Corp, reported the sale of company stock.
- The transactions occurred between April 29, 2024, and May 1, 2024.
- A total of 6,248 shares of common stock were sold.
- The sales were executed at prices ranging from $100.17 to $103 per share.
- The sales were conducted under a Rule 10b5-1 trading plan adopted on May 11, 2023.
- Following the reported transactions, Kelsey directly owns 108,562 shares of Plexus Corp.
- Kelsey also indirectly owns 10,063 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing 10b5-1 plan, which is a common and legal practice.
Industry Context
Insider selling can be interpreted in various ways by the market, but sales under a pre-arranged 10b5-1 plan are generally viewed as less impactful since they are planned in advance and not necessarily indicative of the insider's current view of the company's prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/11/2023 | Date of adoption of Rule 10b5-1 plan |
| 04/29/2024 | First reported transaction date |
| 04/30/2024 | Transaction date |
| 05/01/2024 | Last reported transaction date |
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