Michael J. Running - 25 Jan 2024 Form 4 Insider Report for PLEXUS CORP (PLXS)

Role: Regional President - AMER
Signature: /s/ Michael J. Running, by Kate A. Gitter, Attorney-in-Fact
Issuer symbol: PLXS
Transactions as of: 25 Jan 2024
Net transactions value: -$97,955
Form type: 4
Filing time: 29 Jan 2024, 16:47:29 UTC
Previous filing: 06 Dec 2023
Next filing: 01 Feb 2024
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		+2,240	+247%		3,148	25 Jan 2024	Direct	F1
transaction	PLXS	Common Stock, $.01 par value	Tax liability	$97,955	-1,037	-33%	$94.46	2,111	25 Jan 2024	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		-2,240	-100%		0	25 Jan 2024	Common Stock, $.01 par value	2,240		Direct	F1
transaction	PLXS	Restricted Stock Units	Award		+2,210			2,210	29 Jan 2024	Common Stock, $.01 par value	2,210		Direct	F2
transaction	PLXS	Performance Stock Units	Award		+2,080			2,080	29 Jan 2024	Common Stock, $.01 par value	2,080		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, represents a contingent right to receive one share of Plexus Corp. common stock. The Restricted Stock Units vested and settled on January 25, 2024.
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 29, 2027.
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 970 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.