SCHROCK MICHAEL V 4

What Happened Michael V. Schrock, a director of Plexus Corp. (PLXS), had 1,370 restricted stock units (RSUs) vest and convert into 1,370 shares on February 3, 2026. The Form 4 shows an acquisition of 1,370 shares (conversion of derivative) and a simultaneous disposition of 1,370 shares; no per-share price or total dollar value is reported on the filing. The filing footnote states the RSUs were granted under the 2024 Omnibus Incentive Plan and vested/settled on Feb 3, 2026.

Key Details

• Transaction date: February 3, 2026 (reported on Form 4 filed February 5, 2026).
• Transaction codes: M (exercise/conversion of a derivative) for both the acquisition and disposition.
• Shares acquired: 1,370; shares disposed: 1,370. Reported price: N/A (no cash purchase price listed).
• Footnote: Each RSU converted to one share; RSUs vested and settled on Feb 3, 2026. Disposition likely reflects shares withheld to cover taxes or similar settlement mechanics.
• Shares owned following the transaction: not specified in the provided filing excerpt.
• Timeliness: Form 4 filed Feb 5, 2026 — within the typical two-business-day reporting window.

Context This appears to be a routine vesting and settlement of RSUs with an offsetting disposal (commonly used for tax withholding), not an open-market buy or sell signaling a change in sentiment. For derivative transactions like this, the "acquire" entry reflects conversion of the RSU into shares; the "dispose" entry usually reflects shares surrendered or withheld to satisfy taxes or fees.