Form 4: Plexus Corp Executive Angelo Ninivaggi Jr. Reports Stock Transactions

Executive Vice President of Plexus Corp, Angelo Ninivaggi Jr., reports multiple transactions involving the company's common stock, including sales and the vesting of restricted stock units.

Summary

• Angelo Ninivaggi Jr., an executive at Plexus Corp, has reported several transactions involving the company's common stock.
• On January 30, 2025, Mr. Ninivaggi sold 2,166 shares at a weighted average price of $144.7125, 1,057 shares at $145.7982, and 200 shares at $146.3.
• These sales resulted in a decrease of his direct holdings of Plexus Corp stock.
• On January 31, 2025, 5,150 restricted stock units vested and were converted into common stock.
• Also on January 31, 2025, 2,467 shares were disposed of at a price of $141.71 to cover tax obligations related to the vesting of the restricted stock units.
• Following these transactions, Mr. Ninivaggi directly owns 32,184 shares of Plexus Corp common stock.

Sentiment

Score: 5

Explanation: The document is neutral, reporting standard executive stock transactions. There is no indication of positive or negative sentiment.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

This is a routine filing for executive stock transactions and is common practice for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and the transactions reported are typical for executives who receive stock-based compensation.
• The vesting of restricted stock units and subsequent tax-related sales are common occurrences in executive compensation packages.
• Similar filings can be seen from executives at comparable companies such as Jabil and Celestica.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as executive stock sales can sometimes influence market perception.

Key Dates

Keywords

Plexus Corp, stock transactions, insider trading, Form 4, restricted stock units, executive compensation, Angelo Ninivaggi Jr