Plexus Corp (PLXS) regional president granted RSU and PSU awards
Rhea-AI Filing Summary
Running Michael J. reported acquisition or exercise transactions in this Form 4 filing.
Plexus Corp regional president Michael J. Running reported equity awards tied to the company’s stock. On February 9, 2026, he received 1,100 Restricted Stock Units that each represent one share of common stock and vest on February 9, 2029.
He was also granted 1,550 Performance Stock Units, each tied to one share, with vesting based on a three-year performance period. Part of the award depends on relative total shareholder return versus the S&P 400 Index, and the rest on economic return goals. Following these awards, he directly held 1,295 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,100 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 1,550 | $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 450 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 Michael J. Running on February 9, 2026?
How do the Restricted Stock Units granted to Michael J. Running at Plexus Corp (PLXS) vest?
What performance conditions apply to the Performance Stock Units granted to Michael J. Running at PLXS?
How many Plexus Corp (PLXS) Performance Stock Units can Michael J. Running ultimately earn?
Under which plan were Michael J. Running’s RSU and PSU awards at Plexus Corp (PLXS) granted?