Form 4: Plexus Corp Executive VP & CFO Patrick Jermain Sells Shares Under 10b5-1 Plan
SEC Form 4
Patrick Jermain, Executive VP & CFO of Plexus Corp, sold 2,000 shares of common stock at $107 per share on May 7, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Patrick Jermain, the Executive VP & CFO of Plexus Corp, reported a transaction involving the company's common stock.
- On May 7, 2024, Jermain sold 2,000 shares of Plexus Corp common stock at a price of $107 per share.
- Following the transaction, Jermain directly owns 39,182 shares of Plexus Corp.
- Jermain also indirectly owns 3,566 shares through a 401(k) Retirement Plan.
- The sale was executed under a Rule 10b5-1 trading plan adopted on January 31, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of an insider stock sale under a pre-arranged plan.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | Date of adoption of Rule 10b5-1 plan |
| 05/07/2024 | Date of stock sale transaction |
| 05/09/2024 | Date of Form 4 filing |
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