Oliver K. Mihm - Jan 27, 2023 Form 4 Insider Report for PLEXUS CORP (PLXS)

Role: Exec VP & COO
Signature: Oliver K. Mihm, by Kate A. Gitter, Attorney-in-Fact
Stock symbol: PLXS
Transactions as of: Jan 27, 2023
Transactions value $: -$233,058
Form type: 4
Date filed: 1/31/2023, 03:15 PM
Previous filing: Dec 8, 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		+5.17K	+36.4%		19.4K	Jan 27, 2023	Direct	F1
transaction	PLXS	Common Stock, $.01 par value	Tax liability	-$233K	-2.49K	-12.86%	$93.56	16.9K	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		-5.17K	-100%		0	Jan 27, 2023	Common Stock	5.17K		Direct	F1
transaction	PLXS	Restricted Stock Units	Award		+7.28K			7.28K	Jan 30, 2023	Common Stock	7.28K		Direct	F2
transaction	PLXS	Performance Stock Units	Award		+6.7K			6.7K	Jan 30, 2023	Common Stock	6.7K		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 3,060 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.