Plexus (PLXS) COO reports stock sales and PSU grant in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Plexus Corp executive Oliver K. Mihm reported a mix of stock sales, awards, and tax-related transactions. He sold 9,541 shares of common stock in an open-market transaction at an average price of $201.40 per share on February 18, 2026, and 2,226 shares at $198.785 per share on February 17, 2026.
On February 17, 2026, he received a grant of 1,297 Performance Stock Units, and 4,357 PSUs were exercised into common stock at no cash price. To cover tax obligations, 2,048 shares of common stock were disposed of at $195.95 per share. After these transactions, he directly held 12,809 common shares and had 981 shares indirectly through the Plexus Corp. 401(k) Retirement Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,767 shares ($2,364,053)
Net Sell
7 txns
Insider
Mihm Oliver K.
Role
Exec VP & COO
Sold
11,767 shs ($2.36M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $.01 par value | 9,541 | $201.40 | $1.92M |
| Grant/Award | Performance Stock Units | 1,297 | $0.00 | -- |
| Exercise | Performance Stock Units | 4,357 | $0.00 | -- |
| Exercise | Common Stock, $.01 par value | 4,357 | $0.00 | -- |
| Tax Withholding | Common Stock, $.01 par value | 2,048 | $195.95 | $401K |
| Sale | Common Stock, $.01 par value | 2,226 | $198.785 | $442K |
| holding | Common Stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $.01 par value — 12,809 shares (Direct);
Performance Stock Units — 4,357 shares (Direct);
Common Stock, $.01 par value — 981 shares (Indirect, 401(k))
Footnotes (1)
- Shares of Plexus Corp. common stock held in the Plexus Corp. 401(k) Retirement Plan as of the last report from the Plan's trustee. 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. This transaction was executed in multiple trades at prices ranging from $201.40 to $201.41 per share. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
FAQ
What did Plexus (PLXS) executive Oliver K. Mihm report in this Form 4?
Oliver K. Mihm reported stock sales, a Performance Stock Unit grant, a PSU conversion, and tax-related share dispositions. These transactions changed his direct and indirect holdings of Plexus Corp common stock and reflect routine executive equity compensation activity and related open-market sales.
What Performance Stock Unit activity did the Plexus (PLXS) Form 4 disclose?
The filing shows a grant of 1,297 Performance Stock Units to Oliver K. Mihm and the exercise of 4,357 PSUs into common stock at a price of $0.00 per share. A footnote explains vesting was based on relative total shareholder return performance versus the S&P 400 Index.
What are Oliver K. Mihm’s Plexus (PLXS) holdings after these transactions?
After the reported trades and award activity, he directly held 12,809 shares of Plexus common stock. The Form 4 also notes an additional 981 shares held indirectly through the Plexus Corp. 401(k) Retirement Plan, based on the latest report from the plan’s trustee.
How does the Form 4 describe the 401(k) holdings of Plexus (PLXS) stock?
A footnote explains the 981 shares are Plexus common stock held in the Plexus Corp. 401(k) Retirement Plan, reported as of the last statement from the plan’s trustee. These shares are listed as indirect ownership for Oliver K. Mihm in the Form 4.