Form 4: Plexus EVP Ninivaggi Reports Stock Transactions

Plexus Corp's EVP, Chief Legal & PAO & Secretary, Angelo Michael Ninivaggi Jr., reported the vesting of performance stock units and subsequent stock transactions.

Summary

• Angelo Michael Ninivaggi Jr., EVP, Chief Legal & PAO & Secretary of Plexus Corp, reported transactions on February 17, 2026.
• Acquired 3,275 shares of common stock through the vesting of performance stock units.
• Disposed of 1,540 shares of common stock at $195.95 per share, likely to cover tax obligations related to the vesting.
• Following these transactions, Ninivaggi directly owns 21,834 shares of Plexus Corp common stock.
• Performance Stock Units (PSUs) granted in fiscal 2023 vested at 142.4% of the target amount, based on the company's relative total shareholder return (TSR) compared to the S&P 400 Index.
• The maximum potential vesting for these PSUs was 150% of the targeted amount.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a positive indicator of company performance, as the high vesting percentage for executive PSUs suggests strong achievement of performance targets, particularly relative TSR.

Positives

• 142.4% of Performance Stock Units (PSUs) granted in fiscal 2023 vested, indicating strong company performance relative to the S&P 400 Index.
• The vesting percentage is close to the maximum potential of 150% of the targeted amount, reflecting successful achievement of performance metrics.

Negatives

• Disposed of 1,540 shares of common stock, reducing direct beneficial ownership, likely for tax withholding purposes.

Industry Context

StockSavvy.ai notes that executive equity vesting and subsequent tax-related dispositions are common occurrences in publicly traded companies, reflecting the compensation structure tied to performance. The high vesting percentage for Plexus Corp's PSUs suggests strong performance relative to its peers in the S&P 400 Index, which could be viewed positively by the market.

Comparison to Industry Standards

• The 142.4% vesting of Performance Stock Units (PSUs) for Plexus Corp's EVP, based on relative Total Shareholder Return (TSR) against the S&P 400 Index, indicates above-average performance compared to a broad market benchmark. This suggests Plexus's stock performance outpaced a significant portion of mid-cap companies during the performance period.
• Many companies, such as Apple (AAPL) or Microsoft (MSFT), also tie executive compensation to performance metrics like TSR, often with similar vesting schedules and caps (e.g., 150% of target). Plexus's achievement near the top end of its potential vesting range aligns with strong performance seen in well-managed companies that effectively incentivize executives.

Stakeholder Impact

• Shareholders: The high vesting percentage for performance-based awards could be seen positively, indicating strong company performance and alignment of executive incentives with shareholder returns.
• Employees: May signal a healthy company performing well, potentially boosting morale.

Key Dates

Recommendation

The Form 4 filing indicates strong performance-based vesting for an executive, which is a positive signal regarding the company's achievement of its strategic goals and relative shareholder return. However, this is an individual insider transaction report and does not provide comprehensive financial data or strategic updates to warrant a 'buy' or 'sell' recommendation. It reinforces a 'hold' position for investors already in the stock, suggesting continued confidence in management's ability to meet performance targets.

Keywords

Plexus Corp, PLXS, Form 4, Insider Trading, Stock Transaction, Performance Stock Units, PSUs, Executive Compensation, Angelo Ninivaggi, Equity Vesting, TSR