Form 4: Plexus Corp Executive VP & CFO Patrick Jermain Reports Stock Sales

Executive VP & CFO of Plexus Corp, Patrick Jermain, reports selling shares of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Patrick Jermain, Executive VP & CFO of Plexus Corp, filed a Form 4 with the SEC.
• The form reports the sale of Plexus Corp common stock on May 1, 2024, and May 2, 2024.
• On May 1, 2024, 4,750 shares were sold at a price of $100.43 per share.
• On May 2, 2024, 1,750 shares were sold at a price of $104 per share.
• These sales were executed under a Rule 10b5-1 trading plan adopted on January 31, 2024.
• Following these transactions, Jermain directly owns 41,182 shares and indirectly owns 3,566 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often part of pre-planned diversification strategies. The use of a 10b5-1 plan suggests the sales were planned in advance to avoid insider trading concerns.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates