Steven J. Frisch - Jan 27, 2023 Form 4 Insider Report for PLEXUS CORP (PLXS)

Role
President & Chief Strategy Off
Signature
Steven J. Frisch, by Kate A. Gitter, Attorney-in-Fact
Stock symbol
PLXS
Transactions as of
Jan 27, 2023
Transactions value $
-$491,658
Form type
4
Date filed
1/31/2023, 03:12 PM
Previous filing
Nov 21, 2022
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLXS Common Stock, $.01 par value Options Exercise +11.8K +24.86% 59.4K Jan 27, 2023 Direct F1
transaction PLXS Common Stock, $.01 par value Tax liability -$492K -5.26K -8.85% $93.56 54.1K Jan 27, 2023 Direct

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 Restricted Stock Units Options Exercise -11.8K -100% 0 Jan 27, 2023 Common Stock 11.8K Direct F1
transaction PLXS Restricted Stock Units Award +11.2K 11.2K Jan 30, 2023 Common Stock 11.2K Direct F2
transaction PLXS Performance Stock Units Award +10.3K 10.3K Jan 30, 2023 Common Stock 10.3K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit granted under the Plexus Corp. 2016 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represented a contingent right to receive one share of Plexus Corp. common stock. The Restricted Stock Units vested and settled on January 27, 2023.
F2 Each Restricted Stock Unit granted under the Plexus Corp. 2016 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represents a contingent right to receive one share of Plexus Corp. common stock. The Restricted Stock Units vest on January 30, 2026.
F3 Each Performance Stock Unit ("PSU") granted under the Plexus Corp. 2016 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represents a contingent right to receive one share of Plexus Corp. common stock if certain conditions are satisfied. Vesting of 4,700 PSUs is dependent on the relative total shareholder return ("TSR") of Plexus Corp.'s common stock as compared to companies in the S&P 400 Index and vesting of the remainder is based on goals related to economic return ("ER") during the three-year performance period. The target number of PSUs that may be earned is reported above. The reporting person may earn up to 150% of the targeted amount that is based on TSR and up to 200% of the targeted amount that is based on ER.