Plexus (PLXS) APAC president gains shares from performance units

Rhea-AI Filing Summary

Plexus Corp reported that Regional President – APAC Victor (Pang Hau) Tan received equity compensation tied to company performance. He was granted 602 Performance Stock Units at a price of $0.00 per unit.

In addition, 2,022 Performance Stock Units were exercised and converted into 2,022 shares of common stock at $0.00 per share, reflecting vesting of fiscal 2023 awards. A footnote explains that, based on company performance over a three-year period, 142.4% of the targeted PSUs tied to relative total shareholder return vested, compared with a maximum opportunity of 150%. After these transactions, Tan directly owned 13,457 shares of Plexus common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tan Victor (Pang Hau)

(Last) (First) (Middle)

ONE PLEXUS WAY

(Street)

NEENAH WI 54956

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PLEXUS CORP [ PLXS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Regional President - APAC

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.01 par value	02/17/2026		M		2,022	A	(1)	13,457	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Units	(1)	02/17/2026		A		602		(1)	(1)	Common Stock, $.01 par value	602	(1)	2,022	D
Performance Stock Units	(1)	02/17/2026		M			2,022	(1)	(1)	Common Stock, $.01 par value	2,022	(1)	0	D

Explanation of Responses:

1. Based on Company performance during the three-year performance period, 142.4% of the portion of the Performance Stock Units ("PSUs") granted in fiscal 2023 related to the relative total shareholder return ("TSR") of the Company's common stock as compared to companies in the S&P 400 Index vested. As previously disclosed, the reporting person had the opportunity to earn up to 150% of the targeted amount of PSUs based on TSR originally reported.

Remarks:

	/s/ Victor Tan, By Kate A. Gitter, Attorney-in-Fact	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Plexus (PLXS) report for Victor Tan?

Victor Tan received equity awards rather than open-market trades. He was granted 602 Performance Stock Units and saw 2,022 units vest and convert into 2,022 common shares at $0.00 per share, increasing his direct Plexus share ownership to 13,457 shares.

How many Performance Stock Units did Victor Tan receive and vest at Plexus (PLXS)?

Victor Tan was granted 602 new Performance Stock Units and had 2,022 previously granted units vest. Those vested units were then exercised and converted into 2,022 shares of Plexus common stock, all recorded on the same transaction date in February 2026.

What performance level triggered Victor Tan’s PSU vesting at Plexus (PLXS)?

The vesting was based on company performance over a three-year period. For the fiscal 2023 PSUs tied to relative total shareholder return, 142.4% of the targeted amount vested, compared with a previously disclosed maximum opportunity of up to 150% of the targeted PSUs.

Did Victor Tan buy or sell Plexus (PLXS) shares on the market?

The filing shows no open-market purchases or sales. Instead, all transactions involved equity compensation: a grant of 602 Performance Stock Units and the vesting and conversion of 2,022 units into 2,022 common shares at a transaction price of $0.00 per share.

How many Plexus (PLXS) shares does Victor Tan hold after these transactions?

Following the reported equity transactions, Victor Tan directly owned 13,457 shares of Plexus common stock. This total reflects the addition of 2,022 shares received upon exercise and conversion of vested Performance Stock Units on the February 2026 transaction date.

What does transaction code A and M mean in the Plexus (PLXS) Form 4?

In this context, code A reflects a grant or award acquisition of 602 Performance Stock Units. Code M indicates the exercise or conversion of derivative securities, where 2,022 Performance Stock Units converted into 2,022 shares of Plexus common stock at a price of $0.00.