Form 4: Plexus Corp. Executive Michael J. Running Reports Stock Transactions

Plexus Corp. Regional President Michael J. Running reports the vesting and settlement of restricted stock units and the disposal of shares to cover tax obligations.

Summary

• Michael J. Running, a Regional President at Plexus Corp., reported transactions involving the company's stock.
• On January 31, 2025, 1,780 restricted stock units vested and settled, each representing one share of Plexus Corp. common stock.
• Simultaneously, 888 shares were disposed of at a price of $141.71 per share, likely to cover tax obligations related to the vesting of the restricted stock units.
• Following these transactions, Mr. Running directly owns 1,922 shares of Plexus Corp. common stock.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by an executive, which is neither positive nor negative for the company's performance. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the stock transactions of company insiders.

Comparison to Industry Standards

• The vesting of restricted stock units and subsequent sale of shares to cover taxes is a standard practice in executive compensation across many publicly traded companies.
• Similar transactions are regularly reported by executives at companies like Jabil, Flex, and Celestica, which are also in the electronics manufacturing services industry.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

Plexus Corp, stock transaction, restricted stock units, insider trading, Form 4, executive compensation, equity securities