Plexus CFO reports initial RSU and PSU holdings
Plexus Corp Senior Vice President and CFO David Westen Abuhl filed an initial ownership report showing his equity-based awards in the company.
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Form Type
3
Rhea-AI Filing Summary
Plexus Corp Senior Vice President and CFO David Westen Abuhl filed an initial ownership report showing his equity-based awards in the company. He reports 1,760 Performance Stock Units, each representing a right to receive one share of common stock if performance conditions are met.
He also reports 1,250 Restricted Stock Units granted on February 9, 2026 that vest three years from the grant date, and 7,500 Restricted Stock Units granted on September 15, 2025 that vest in three equal annual installments. The PSU award can pay out above target based on total shareholder return and economic return goals.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Abuhl David Westen
Role
Sr. VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Common Stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,750 contracts (Direct);
Performance Stock Units — 1,760 contracts (Direct);
Common Stock, $.01 par value — 0 shares (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit ("RSU") granted under the Plexus Corp. 2024 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represents a contingent right to receive one share of Plexus Corp. common stock. The RSUs were granted on September 15, 2025 and vest in three equal annual installments on each of the first, second, and third anniversaries of the grant date.
- F2. Each Restricted Stock Unit ("RSU") granted under the Plexus Corp. 2024 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represents a contingent right to receive one share of Plexus Corp. common stock. The RSUs were granted on February 9, 2026 and vest three years from the grant date.
- F3. Each Performance Stock Unit ("PSU") granted under the Plexus Corp. 2024 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. The PSUs were granted February 9, 2026. Vesting of 510 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.
Key Figures
Performance Stock Units: 1,760 units
Restricted Stock Units (Feb 2026 grant): 1,250 units
Restricted Stock Units (Sep 2025 grant): 7,500 units
+2 more
5 metrics
Performance Stock Units
1,760 units
Underlying shares for PSUs granted February 9, 2026
Restricted Stock Units (Feb 2026 grant)
1,250 units
RSUs vest three years from February 9, 2026
Restricted Stock Units (Sep 2025 grant)
7,500 units
RSUs vest in three equal annual installments from September 15, 2025
PSU TSR multiplier cap
150% of target
Maximum earnable PSUs tied to relative total shareholder return
PSU ER multiplier cap
200% of target
Maximum earnable PSUs tied to economic return goals
Key Terms
Restricted Stock Unit, Performance Stock Unit, relative total shareholder return, economic return, +2 more
6 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") granted under the Plexus Corp. 2024 Omnibus Incentive Plan..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance Stock Unit financial
"Each Performance Stock Unit ("PSU") granted under the Plexus Corp. 2024 Omnibus Incentive Plan..."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
economic return financial
"Vesting of the remainder is based on goals related to economic return ("ER") during the three-year performance period."
Economic return is the actual financial gain an investment or project delivers after paying all costs and accounting for lost opportunities, inflation, and taxes. Think of it like the net harvest from a field after you subtract seeds, labor and the value of other crops you could have grown; it tells investors whether money truly grew or would have been better used elsewhere. Investors use it to compare choices and decide if a venture creates real value.
Plexus Corp. 2024 Omnibus Incentive Plan financial
"Each Restricted Stock Unit ("RSU") granted under the Plexus Corp. 2024 Omnibus Incentive Plan..."
Rule 16b-3 regulatory
"granted under the Plexus Corp. 2024 Omnibus Incentive Plan, which qualifies under Rule 16b-3..."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Plexus (PLXS) Form 3 filing by CFO David Westen Abuhl show?
The Form 3 filing shows CFO David Westen Abuhl’s initial equity ownership in Plexus, primarily performance stock units and restricted stock units that may convert into common shares over time if vesting and performance conditions are satisfied under the company’s 2024 Omnibus Incentive Plan.
How many Performance Stock Units does the Plexus (PLXS) CFO report on Form 3?
The CFO reports 1,760 Performance Stock Units, each representing a contingent right to receive one share of Plexus common stock. These units were granted on February 9, 2026 and vest based on relative total shareholder return and economic return performance over a three-year period.
What Restricted Stock Unit awards are disclosed in the Plexus (PLXS) Form 3?
The filing shows 1,250 Restricted Stock Units granted on February 9, 2026 that vest three years from grant, and 7,500 Restricted Stock Units granted on September 15, 2025 that vest in three equal annual installments on the first, second, and third anniversaries of the grant date.
How can the Plexus (PLXS) Performance Stock Units for the CFO pay out versus target?
The Performance Stock Units have a target of 1,760 shares, but the CFO may earn up to 150% of the target tied to relative total shareholder return and up to 200% of the target tied to economic return goals, depending on Plexus’ performance over the three-year period.
Does the Plexus (PLXS) Form 3 for the CFO show any stock purchases or sales?
The Form 3 does not report stock purchases or sales. Instead, it lists the CFO’s existing equity awards, including Performance Stock Units and Restricted Stock Units, detailing the number of underlying shares and the vesting and performance conditions for these compensation-related holdings.
Under what plan were the Plexus (PLXS) RSUs and PSUs granted to the CFO?
Both the Restricted Stock Units and Performance Stock Units were granted under the Plexus Corp. 2024 Omnibus Incentive Plan. This plan qualifies under Rule 16b-3 and provides equity-based awards that convert into Plexus common stock upon meeting vesting schedules and specified performance conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
