Todd P. Kelsey - Nov 14, 2023 Form 4 Insider Report for PLEXUS CORP (PLXS)

Role
CEO, Director
Signature
/s/ Todd P. Kelsey, by Kate A. Gitter, Attorney-in-Fact
Stock symbol
PLXS
Transactions as of
Nov 14, 2023
Transactions value $
-$1,647,799
Form type
4
Date filed
11/16/2023, 05:40 PM
Previous filing
Nov 3, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLXS Common Stock, $.01 par value Sale -$210K -2K -1.85% $105.00 106K Nov 14, 2023 Direct F2, F3
transaction PLXS Common Stock, $.01 par value Sale -$214K -2K -1.89% $107.00 104K Nov 15, 2023 Direct F2
transaction PLXS Common Stock, $.01 par value Options Exercise +24.6K +23.64% 128K Nov 16, 2023 Direct F4
transaction PLXS Common Stock, $.01 par value Tax liability -$1.22M -11.5K -8.99% $106.03 117K Nov 16, 2023 Direct
holding PLXS Common Stock, $.01 par value 10.1K Nov 14, 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 Performance Stock Units Award +8.53K +28.61% 38.3K Nov 16, 2023 Common Stock, $.01 par value 8.53K Direct F4
transaction PLXS Performance Stock Units Options Exercise -24.6K -64.07% 13.8K Nov 16, 2023 Common Stock, $.01 par value 24.6K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 Shares were sold pursuant to a Rule 10b5-1 plan adopted on May 11, 2023.
F3 This transaction was executed in multiple trades at prices ranging from $105.00 to $105.01 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.
F4 Based on Company performance during the three-year performance period, 153.2% of the portion of the Performance Stock Units ("PSUs") granted in fiscal 2021 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 S&P 400 Index has yet to conclude. As previously disclosed, the reporting person had the opportunity to earn up to 200% of the targeted amount based on ER originally reported and has the opportunity to earn up to 150% of the targeted amount based on TSR originally reported.