Ronnie Darroch - 17 Nov 2022 Form 4 Insider Report for PLEXUS CORP (PLXS)

Role: EVP Global Ops & Reg Pres-EMEA
Signature: Ronald Darroch, by Kate A. Gitter, Attorney-in-Fact
Issuer symbol: PLXS
Transactions as of: 17 Nov 2022
Net transactions value: -$567,969
Form type: 4
Filing time: 21 Nov 2022, 15:16:35 UTC
Previous filing: 02 Nov 2022
Next filing: 31 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLXS	Common Stock, $.01 par value	Options Exercise		+5,320			5,320	17 Nov 2022	Direct	F1
transaction	PLXS	Common Stock, $.01 par value	Tax liability	$270,759	-2,550	-48%	$106.18	2,770	17 Nov 2022	Direct
transaction	PLXS	Common Stock, $.01 par value	Sale	$297,210	-2,770	-100%	$107.30	0	18 Nov 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PLXS	Performance Stock Units	Award		+2,660	+59%		7,200	17 Nov 2022	Common Stock	2,660		Direct	F1
transaction	PLXS	Performance Stock Units	Options Exercise		-5,320	-74%		1,880	17 Nov 2022	Common Stock	5,320		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Based on Company performance during the three-year performance period, 200% of the portion of the Performance Stock Units ("PSUs") granted in fiscal 2020 related to economic return goals vested. The three-year performance period for the portion of the PSUs that vests based on the relative total shareholder return ("TSR") of the Company's common stock as compared to companies in the Russell 3000 Index has yet to conclude. As previously disclosed, the reporting person has the opportunity to earn up to 200% of the number of PSUs originally reported.
F2	This transaction was executed in multiple trades at prices ranging from $107.2705 to $107.41 per share. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Content

Based on Company performance during the three-year performance period, 200% of the portion of the Performance Stock Units ("PSUs") granted in fiscal 2020 related to economic return goals vested. The three-year performance period for the portion of the PSUs that vests based on the relative total shareholder return ("TSR") of the Company's common stock as compared to companies in the Russell 3000 Index has yet to conclude. As previously disclosed, the reporting person has the opportunity to earn up to 200% of the number of PSUs originally reported.

This transaction was executed in multiple trades at prices ranging from $107.2705 to $107.41 per share. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.