Form 4: Plexus Corp. Executive VP & COO, Oliver K. Mihm, Reports Stock Transactions

Oliver K. Mihm, Executive VP & COO of Plexus Corp., reported the vesting and settlement of restricted stock units and the sale of shares to cover tax obligations on January 31, 2025.

Summary

• Oliver K. Mihm, an Executive VP & COO at Plexus Corp., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On January 31, 2025, 6,580 restricted stock units vested and settled, each representing one share of Plexus Corp. common stock.
• Following the vesting, Mr. Mihm sold 3,137 shares at a price of $141.71 per share to cover tax obligations.
• After these transactions, Mr. Mihm directly owns 21,031 shares of Plexus Corp. common stock.
• He also indirectly owns 981 shares through the Plexus Corp. 401(k) Retirement Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, 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. It provides transparency into the ownership changes of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting of restricted stock units is a common form of executive compensation, aligning management's interests with those of shareholders.
• The sale of shares to cover tax obligations is a typical occurrence following the vesting of equity awards.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related sales.

Key Dates

Keywords

Plexus Corp, Oliver K. Mihm, Form 4, insider trading, restricted stock units, stock sale, beneficial ownership, executive compensation