Form 4: Plexus Corp. Executive VP & CFO, Patrick Jermain, Reports Stock Transactions

Plexus Corp.'s Executive VP & CFO, Patrick Jermain, reported the vesting and settlement of restricted stock units and a related disposition of shares on January 31, 2025.

Summary

• Patrick Jermain, Executive VP & CFO of Plexus Corp., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On January 31, 2025, 6,850 restricted stock units vested and settled, each representing one share of Plexus Corp. common stock.
• Following the vesting, 3,263 shares were disposed of at a price of $141.71 per share.
• After these transactions, Jermain directly owns 24,332 shares of Plexus Corp. common stock.
• He also indirectly owns 3,599 shares through the company's 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The vesting of restricted stock units is a common form of executive compensation, and the subsequent sale of shares is a typical transaction.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and trading activity.

Key Dates

Keywords

Plexus Corp, Form 4, insider trading, stock transaction, restricted stock units, beneficial ownership, Patrick Jermain, executive compensation