Form 4: Plexus Director Karen Rapp Converts RSUs

Plexus Corp. Director Karen Rapp converted 1,370 Restricted Stock Units into common stock on February 3, 2026, increasing her direct holdings to 9,035 shares.

Summary

• Karen Marie Rapp, a Director of Plexus Corp. (PLXS), reported a transaction on February 3, 2026.
• She acquired 1,370 shares of Plexus Corp. common stock, par value $0.01, through the vesting and settlement of Restricted Stock Units (RSUs).
• These RSUs were granted under the Plexus Corp. 2024 Omnibus Incentive Plan and qualified under Rule 16b-3.
• Following this transaction, Ms. Rapp beneficially owns 9,035 shares of Plexus Corp. common stock directly.
• The transaction code 'M' indicates an exercise or conversion of a derivative security.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a director increasing their direct share ownership, even through RSU vesting, generally indicates continued alignment with the company's long-term performance.

Positives

• Director Karen Rapp increased her direct beneficial ownership of Plexus Corp. common stock by 1,370 shares.
• The conversion of Restricted Stock Units into common stock aligns the director's interests more closely with those of shareholders.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, such as the conversion of Restricted Stock Units into common stock, are routine events that reflect compensation structures. While not a direct market signal, an increase in direct share ownership by a director can be viewed as a minor positive indicator of alignment with shareholder interests within the broader industry context.

Comparison to Industry Standards

• This Form 4 filing details a standard RSU vesting and conversion, which is a common form of executive and director compensation across publicly traded companies. There are no specific comparable companies or projects mentioned in the filing to assess against industry benchmarks.

Stakeholder Impact

• Shareholders may view the increase in a director's direct stock ownership positively, as it suggests continued commitment and alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 filing reports a routine, pre-scheduled vesting and conversion of Restricted Stock Units for a director. While it increases the director's direct ownership, it does not represent an open market purchase or sale that would typically signal a strong change in sentiment or warrant a significant shift in investment recommendation. It is a standard compensation event.

Keywords

Plexus Corp, PLXS, Karen Rapp, Director, Insider Transaction, Form 4, Restricted Stock Units, RSU conversion, stock ownership, corporate governance