Plexus CFO vests 2,500 RSUs, withholds 800 shares
Plexus Corp.’s CFO vested and converted 2,500 RSUs, with 800 shares withheld to cover exercise price or tax obligations.
Rhea-AI Filing Summary
PLEXUS CORP (PLXS) reported that Sr. VP & CFO David Westen Abuhl exercised Restricted Stock Units into common stock on September 15, 2026. He converted 2,500 Restricted Stock Units granted under the Plexus Corp. 2024 Omnibus Incentive Plan into 2,500 shares of common stock, with 800 shares delivered or withheld for payment of exercise price or tax liability. Following this vesting event, 5,000 Restricted Stock Units remain directly held.
The vested units represented one third of the original RSU grant and were structured so that each unit represented a contingent right to receive one share of Plexus Corp. common stock, in a grant that qualifies under Rule 16b-3. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,500 shares exercised/converted
Exercise
3 txns
Insider
Abuhl David Westen
Role
Sr. VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 2,500 | -- | -- |
| Exercise | Common Stock, $.01 par value F1 | 2,500 | -- | -- |
| Exercise Price or Tax Liability | Common Stock, $.01 par value | 800 | $238.53 | $191K |
Holdings After Transaction:
Restricted Stock Units — 5,000 contracts (Direct);
Common Stock, $.01 par value — 1,700 shares (Direct)
Footnotes (1)
- F1. Each Restricted Stock Unit granted under the Plexus Corp. 2024 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represented a contingent right to receive one share of Plexus Corp. common stock. One third of the Restricted Stock Units vested and settled on September 15, 2026.
Key Figures
Restricted Stock Units exercised: 2,500 units
Common shares acquired from RSU conversion: 2,500 shares
Shares withheld for exercise price or tax liability: 800 shares
+3 more
6 metrics
Restricted Stock Units exercised
2,500 units
RSUs converted into common stock on September 15, 2026
Common shares acquired from RSU conversion
2,500 shares
Common Stock, $.01 par value, received on September 15, 2026
Shares withheld for exercise price or tax liability
800 shares
Code F transaction on September 15, 2026
Withholding transaction price per share
$238.53 per share
Price for 800-share exercise-price-or-tax-liability disposition
RSUs remaining after transaction
5,000 units
Total Restricted Stock Units directly held following the September 15, 2026 exercise
Vested portion of RSU grant
One third
One third of the Restricted Stock Units vested and settled on September 15, 2026
Key Terms
Restricted Stock Units, Rule 16b-3, Plexus Corp. 2024 Omnibus Incentive Plan, Payment of exercise price or tax liability
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit granted under the Plexus Corp. 2024 Omnibus Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 16b-3 regulatory
"which qualifies under Rule 16b-3, represented a contingent right"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Plexus Corp. 2024 Omnibus Incentive Plan financial
"Each Restricted Stock Unit granted under the Plexus Corp. 2024 Omnibus Incentive Plan"
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PLXS report for CFO David Westen Abuhl?
PLXS reported that CFO David Westen Abuhl exercised 2,500 Restricted Stock Units into 2,500 shares of common stock on September 15, 2026, as part of a vesting event under the Plexus Corp. 2024 Omnibus Incentive Plan.
How many Plexus (PLXS) RSUs did the CFO have after the September 15, 2026 transaction?
After the September 15, 2026 transaction, the CFO directly held 5,000 Restricted Stock Units, according to the reported derivative holdings following the exercise and vesting event.
What plan governed the RSUs exercised in this PLXS Form 4 filing?
The Restricted Stock Units were granted under the Plexus Corp. 2024 Omnibus Incentive Plan, with each unit representing a contingent right to receive one share of Plexus Corp. common stock and qualifying under Rule 16b-3.
Did the PLXS insider transactions occur under a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5-1 checkbox was not marked, and there is no footnote stating that these transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
