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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Jan 2024, 16:40:50 UTC
Prior SEC filing
17 Nov 2023
Next SEC filing
02 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Patrick J. Jermain, by Kate A. Gitter, Attorney-in-Fact

Key filing fact

Patrick John Jermain filed Form 4 for PLEXUS CORP (PLXS) on 29 Jan 2024.

Key facts

  • This page summarizes Patrick John Jermain's Form 4 filing for PLEXUS CORP (PLXS).
  • 6 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 29 Jan 2024, 16:40.

Change

  • Previous filing in this sequence was filed on 17 Nov 2023.
  • Current net transaction value: -$607,544.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PLXS transaction

Common Stock, $.01 par value

Options Exercise

Transaction value
Shares
+8,280
Change %
+16%
Price
Shares after
61,135
Date
25 Jan 2024
Ownership
Direct
Footnotes
F2
PLXS transaction

Common Stock, $.01 par value

Tax liability

Transaction value
$373,306
Shares
-3,952
Change %
-6.5%
Price
$94.46
Shares after
57,183
Date
25 Jan 2024
Ownership
Direct
PLXS transaction

Common Stock, $.01 par value

Sale

Transaction value
$234,238
Shares
-2,532
Change %
-4.4%
Price
$92.51
Shares after
54,651
Date
29 Jan 2024
Ownership
Direct
Footnotes
F3
PLXS holding

Common Stock, $.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,426
Date
25 Jan 2024
Ownership
401(k)
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PLXS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-8,280
Change %
-100%
Price
Shares after
0
Date
25 Jan 2024
Ownership
Direct
Underlying class
Common Stock, $.01 par value
Underlying amount
8,280
Exercise price
Footnotes
F2
PLXS transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares
+9,630
Change %
Price
Shares after
9,630
Date
29 Jan 2024
Ownership
Direct
Underlying class
Common Stock, $.01 par value
Underlying amount
9,630
Exercise price
Footnotes
F4
PLXS transaction Derivative

Performance Stock Units

Award

Transaction value
Shares
+9,050
Change %
Price
Shares after
9,050
Date
29 Jan 2024
Ownership
Direct
Underlying class
Common Stock, $.01 par value
Underlying amount
9,050
Exercise price
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

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