Form 4: Plexus Corp Executive VP Sells Shares Under 10b5-1 Plan
SEC Form 4
Executive VP & CFO Patrick John Jermain sold 4,999 shares of Plexus Corp (PLXS) common stock at an average price of $110.0006 on May 20, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 20, 2024, Patrick John Jermain, Executive VP & CFO of Plexus Corp (PLXS), sold 4,999 shares of common stock.
- The sale was executed at a weighted average price of $110.0006 per share, with individual transactions ranging from $110.00 to $110.03.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on January 31, 2024.
- Following the transaction, Jermain directly owns 34,183 shares and indirectly owns 3,566 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Sales by executives are a normal part of corporate governance. It is important to note that the sale was executed under a pre-arranged 10b5-1 trading plan, which allows corporate insiders to sell company stock without being accused of insider trading.
Stakeholder Impact
- The sale of shares by a company executive could cause short term concern for shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | Date of adoption of Rule 10b5-1 plan |
| 05/20/2024 | Date of stock sale transaction |
| 05/22/2024 | Date of Form 4 filing |
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