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

Role
President & Chief Strategy Off
Signature
/s/ Steven J. Frisch, by Kate A. Gitter, Attorney-in-Fact
Stock symbol
PLXS
Transactions as of
Jan 25, 2024
Transactions value $
-$526,048
Form type
4
Date filed
1/29/2024, 04:40 PM
Previous filing
Nov 17, 2023
Next filing
Feb 6, 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 +11.7K +18.71% 74.3K Jan 25, 2024 Direct F1
transaction PLXS Common Stock, $.01 par value Tax liability -$526K -5.57K -7.49% $94.46 68.8K Jan 25, 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 -11.7K -100% 0 Jan 25, 2024 Common Stock, $.01 par value 11.7K Direct F1
transaction PLXS Restricted Stock Units Award +11.5K 11.5K Jan 29, 2024 Common Stock, $.01 par value 11.5K Direct F2
transaction PLXS Performance Stock Units Award +10.8K 10.8K Jan 29, 2024 Common Stock, $.01 par value 10.8K 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 5,030 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.