Todd P. Kelsey - 27 Jan 2023 Form 4 Insider Report for PLEXUS CORP (PLXS)

Role: CEO, Director
Signature: Todd P. Kelsey, by Kate A. Gitter, Attorney-in-Fact
Issuer symbol: PLXS
Transactions as of: 27 Jan 2023
Net transactions value: -$1,281,866
Form type: 4
Filing time: 31 Jan 2023, 15:15:03 UTC
Previous filing: 12 Dec 2022
Next filing: 16 Feb 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		+32,500	+34%		129,249	27 Jan 2023	Direct	F2
transaction	PLXS	Common Stock, $.01 par value	Tax liability	$1,281,866	-13,701	-11%	$93.56	115,548	27 Jan 2023	Direct
holding	PLXS	Common Stock, $.01 par value						10,068	27 Jan 2023	401(k)	F1

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		-32,500	-100%		0	27 Jan 2023	Common Stock	32,500		Direct	F2
transaction	PLXS	Restricted Stock Units	Award		+31,290			31,290	30 Jan 2023	Common Stock	31,290		Direct	F3
transaction	PLXS	Performance Stock Units	Award		+28,790			28,790	30 Jan 2023	Common Stock	28,790		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Shares of Plexus Corp. common stock held in the Plexus Corp. 401(k) Retirement Plan as of the last report from the Plan's trustee.
F2	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.
F3	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.
F4	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 13,150 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.