Patrick J. Jermain - Jan 25, 2024 Form 4 Insider Report for PLEXUS CORP (PLXS)

Role: Exec. VP & CFO
Signature: /s/ Patrick J. Jermain, by Kate A. Gitter, Attorney-in-Fact
Stock symbol: PLXS
Transactions as of: Jan 25, 2024
Transactions value $: -$607,544
Form type: 4
Date filed: 1/29/2024, 04:40 PM
Previous filing: Nov 17, 2023
Next filing: Feb 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PLXS	Common Stock, $.01 par value	Options Exercise		+8.28K	+15.67%		61.1K	Jan 25, 2024	Direct	F2
transaction	PLXS	Common Stock, $.01 par value	Tax liability	-$373K	-3.95K	-6.46%	$94.46	57.2K	Jan 25, 2024	Direct
transaction	PLXS	Common Stock, $.01 par value	Sale	-$234K	-2.53K	-4.43%	$92.51	54.7K	Jan 29, 2024	Direct	F3
holding	PLXS	Common Stock, $.01 par value						3.43K	Jan 25, 2024	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		-8.28K	-100%		0	Jan 25, 2024	Common Stock, $.01 par value	8.28K		Direct	F2
transaction	PLXS	Restricted Stock Units	Award		+9.63K			9.63K	Jan 29, 2024	Common Stock, $.01 par value	9.63K		Direct	F4
transaction	PLXS	Performance Stock Units	Award		+9.05K			9.05K	Jan 29, 2024	Common Stock, $.01 par value	9.05K		Direct	F5

* 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, represents a contingent right to receive one share of Plexus Corp. common stock. The Restricted Stock Units vested and settled on January 25, 2024.
F3	This transaction was executed in multiple trades at prices ranging from $92.10 to $92.935 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	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 29, 2027.
F5	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 4,230 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.