Director at Plexus (NASDAQ: PLXS) awarded 1,008 RSUs vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCHROCK MICHAEL V reported acquisition or exercise transactions in this Form 4 filing.
Plexus Corp director Michael V. Schrock received a grant of 1,008 Restricted Stock Units (RSUs) on February 9, 2026 under the Plexus Corp 2024 Omnibus Incentive Plan. Each RSU represents a right to one share of common stock and will vest on February 9, 2027.
Following this award, Schrock directly holds 44,329 shares of Plexus common stock and 1,008 RSUs, giving him both current ownership and a contingent future interest tied to the company’s equity.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SCHROCK MICHAEL V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,008 | $0.00 | -- |
| holding | Common Stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,008 shares (Direct);
Common Stock, $.01 par value — 44,329 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Plexus Corp (PLXS) report for Michael V. Schrock?
Plexus Corp reported an equity award to director Michael V. Schrock. On February 9, 2026, he received 1,008 Restricted Stock Units (RSUs) under the 2024 Omnibus Incentive Plan, giving him a contingent right to receive an equal number of Plexus common shares upon vesting.
How many Restricted Stock Units were granted to the Plexus (PLXS) director?
Michael V. Schrock was granted 1,008 Restricted Stock Units. The filing states that each RSU represents a contingent right to receive one share of Plexus Corp common stock, meaning the award could convert into 1,008 shares if vesting conditions are satisfied.
When do Michael V. Schrock’s Plexus (PLXS) RSUs vest?
The Restricted Stock Units vest on February 9, 2027. According to the filing, Schrock’s 1,008 RSUs granted under the 2024 Omnibus Incentive Plan will fully vest on that date, at which point he becomes entitled to receive Plexus common shares for each vested unit.
What does the RSU grant under the Plexus 2024 Omnibus Incentive Plan represent?
Each RSU represents a contingent right to receive one Plexus share. The filing explains that the 1,008 Restricted Stock Units were granted under the 2024 Omnibus Incentive Plan, which qualifies under Rule 16b-3, aligning director compensation with Plexus Corp’s equity performance over time.
Is the Plexus (PLXS) Form 4 transaction a buy or a grant for the director?
The transaction is a grant or award acquisition, not an open-market buy. The Form 4 uses transaction code A for an equity award of 1,008 Restricted Stock Units to director Michael V. Schrock, with no purchase price and vesting scheduled for February 9, 2027.