Form 4: Plexus Corp Executive Sells Shares Under 10b5-1 Plan
Statement of Changes in Beneficial Ownership
Plexus Corp President & CEO Todd P. Kelsey reported the sale of 1,400 shares of common stock under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Todd P. Kelsey, President & CEO of Plexus Corp, sold a total of 1,400 shares of common stock on June 17, 2026.
- These sales were conducted under a Rule 10b5-1 trading plan established on November 20, 2025, which is designed to comply with safe harbor provisions for insider trading.
- The shares were sold in multiple transactions at prices ranging from $292.1085 to $296.23 per share.
- Following these transactions, Kelsey beneficially owns 68,888 shares of Plexus Corp common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. While it involves insider selling, the transactions were conducted under a pre-established Rule 10b5-1 plan, mitigating concerns about opportunistic trading.
Negatives
- Insider selling of company stock, although conducted under a pre-planned 10b5-1, can sometimes be perceived negatively by the market.
Risks
- The primary risk is the potential for negative market perception of insider selling, even when executed under a Rule 10b5-1 plan.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, as it solely reports past transactions.
Industry Context
StockSavvy.ai notes that the use of Rule 10b5-1 plans is a common and accepted practice for corporate insiders to diversify their holdings or manage personal finances without violating insider trading regulations. The prices at which these shares were sold reflect the prevailing market value at the time of the transactions.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Rule 10b5-1 Plan Execution | Sale of common stock by President & CEO Todd P. Kelsey executed under a Rule 10b5-1 trading plan. | 2026-06-17 | Demonstrates adherence to established corporate governance policies for insider stock transactions. |
Stakeholder Impact
- Shareholders: The sale of shares by a key executive may lead to short-term market scrutiny, but the use of a 10b5-1 plan suggests a pre-determined strategy rather than a reaction to non-public information.
Next Steps
- Continued monitoring of insider trading activity for Plexus Corp.
Key Dates
| Date | Description |
|---|---|
| 2025-11-20 | Date Rule 10b5-1 trading plan was adopted. |
| 2026-06-17 | Date of stock sale transactions. |
| 2026-06-18 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Plexus Corp, PLXS, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Todd P. Kelsey, Beneficial Ownership
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