Plexus Corp (PLXS) exec awarded restricted and performance stock units
Rhea-AI Filing Summary
Ninivaggi Angelo Michael Jr reported acquisition or exercise transactions in this Form 4 filing.
Plexus Corp executive Angelo Michael Ninivaggi Jr., Exec VP, CAO, General Counsel and Secretary, reported new equity awards. On February 9, 2026 he was granted 2,300 restricted stock units, each representing one Plexus common share and vesting on February 9, 2029.
He was also granted 3,240 performance stock units, each tied to one Plexus common share if performance goals are met. Vesting for 940 PSUs depends on relative total shareholder return versus the S&P 400 Index, and the rest on economic return goals over a three-year period. Following these awards, he directly holds 20,099 common shares.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,300 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 3,240 | $0.00 | -- |
| holding | Common Stock, $.01 par value | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit 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 Restricted Stock Units vest on February 9, 2029. 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. Vesting of 940 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.
FAQ
What insider transaction did Plexus Corp (PLXS) report for Angelo Ninivaggi?
How many restricted stock units did the Plexus (PLXS) executive receive?
What are the terms of the performance stock units granted by Plexus Corp (PLXS)?
Can the Plexus (PLXS) executive earn more than the target number of PSUs?
When do the Plexus Corp (PLXS) restricted stock units vest?