4/A: Plexus Director Corrects RSU Grant
Insider Ownership Amendment
Plexus Corp. Director J. Joel Quadracci filed an amended Form 4 to correct the number of Restricted Stock Units granted on February 3, 2025.
Summary
- An amendment to a previously filed Form 4 was submitted to correct the number of Restricted Stock Units (RSUs) granted.
- J. Joel Quadracci, a Director of Plexus Corp., acquired 1,370 RSUs on February 3, 2025.
- Each RSU represents a contingent right to receive one share of Plexus Corp. common stock.
- The RSUs were granted under the Plexus Corp. 2024 Omnibus Incentive Plan, which qualifies under Rule 16b-3.
- The Restricted Stock Units are scheduled to vest on February 3, 2026.
Sentiment
Score: 5
Explanation: Neutral. The filing is a routine amendment to correct an administrative error regarding an equity grant. It does not provide new information that would significantly alter sentiment about the company's performance or prospects.
Future Outlook
No forward-looking statements or guidance regarding company performance were provided in this filing.
Industry Context
This filing pertains to a specific insider equity transaction and does not provide information relevant to broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation Plan | Restricted Stock Units were granted under the Plexus Corp. 2024 Omnibus Incentive Plan, which qualifies under Rule 16b-3. | 02/03/2025 | This reflects standard practice for executive and director compensation, aligning interests with shareholders through equity incentives. |
Stakeholder Impact
- Shareholders: Minor impact, as the filing corrects the public record of a director's equity holdings, ensuring accuracy.
- Director (J. Joel Quadracci): Confirms the correct number of Restricted Stock Units granted as part of compensation.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of the Restricted Stock Unit grant transaction. |
| 02/05/2025 | Date of the original Form 4 filing. |
| 11/03/2025 | Signature date of the amended Form 4. |
| 02/03/2026 | Vesting date for the Restricted Stock Units. |
Keywords
Plexus Corp, PLXS, Form 4/A, Restricted Stock Units, RSU, Insider Trading, Director Compensation, Equity Grant, SEC Filing
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