Form 4: Plexus Corp Director Michael V. Schrock Reports Stock Unit Vesting
SEC Form 4 Filing
Director Michael V. Schrock reported the vesting and settlement of restricted stock units into 1,979 shares of Plexus Corp. common stock on January 29, 2025.
Summary
- On January 29, 2025, Michael V. Schrock, a director of Plexus Corp, had 1,979 restricted stock units vest and settle.
- These units converted into 1,979 shares of Plexus Corp. common stock.
- Following the transaction, Schrock directly owns 42,959 shares of Plexus Corp.
- The restricted stock units were granted under the Plexus Corp. 2016 Omnibus Incentive Plan and qualified under Rule 16b-3.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock unit vesting, which is a neutral event.
Positives
- The vesting of restricted stock units indicates a continued alignment of the director's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/29/2025 | Restricted Stock Units vested and settled, converting into common stock. |
| 01/31/2025 | Date of signature for 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.