Director Randy Martinez (NASDAQ: PLXS) receives 1,370 Plexus shares from RSU vesting
Rhea-AI Filing Summary
Plexus Corp. director Randy J. Martinez reported the vesting of equity compensation under the company’s 2024 Omnibus Incentive Plan. On February 3, 2026, 1,370 restricted stock units converted into 1,370 shares of Plexus Corp. common stock at an exercise price of $0.00 per share.
After this settlement, Martinez directly owned 6,201 shares of Plexus Corp. common stock. The restricted stock units represented a contingent right to receive one share of common stock per unit and vested and settled in full on February 3, 2026.
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FAQ
What insider transaction did PLXS director Randy J. Martinez report?
Randy J. Martinez reported the vesting of 1,370 restricted stock units into 1,370 shares of Plexus Corp. common stock on February 3, 2026. The equity award was granted under the Plexus Corp. 2024 Omnibus Incentive Plan and settled at an exercise price of $0.00 per share.
How many Plexus Corp. (PLXS) shares does Randy J. Martinez own after this Form 4?
Following the reported transaction, Randy J. Martinez directly owns 6,201 shares of Plexus Corp. common stock. This reflects the addition of 1,370 shares received from the vesting and settlement of restricted stock units on February 3, 2026.
What is the nature of the PLXS restricted stock units reported by Randy J. Martinez?
The restricted stock units each represented a contingent right to receive one share of Plexus Corp. common stock. They were granted under the 2024 Omnibus Incentive Plan, qualify under Rule 16b-3, and vested and settled on February 3, 2026.
What transaction code was used in Randy J. Martinez’s PLXS Form 4 filing?
The Form 4 uses transaction code “M”, indicating the exercise or conversion of a derivative security. In this case, 1,370 restricted stock units were converted into 1,370 shares of Plexus Corp. common stock on February 3, 2026.
Is the PLXS Form 4 transaction by Randy J. Martinez a purchase or a vesting event?
The reported activity is a vesting and settlement of restricted stock units, not an open-market purchase. 1,370 RSUs converted into 1,370 shares of Plexus Corp. common stock at $0.00 per share under the 2024 Omnibus Incentive Plan.
What plan governs the restricted stock units in the PLXS Form 4 for Randy J. Martinez?
The restricted stock units were granted under the Plexus Corp. 2024 Omnibus Incentive Plan. Each unit provided a contingent right to receive one share of Plexus Corp. common stock and vested and settled on February 3, 2026.