MARTINEZ RANDY J 4

What Happened

• Randy J. Martinez, a director of Plexus Corp. (PLXS), had 1,370 restricted stock units (RSUs vest) that converted/settled into 1,370 shares on February 3, 2026. The Form 4 reports an acquisition (conversion) of 1,370 derivative shares and a matching disposition of 1,370 derivative shares on the same date. No per-share price or total dollar value is disclosed in the filing.

Key Details

• Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (appears timely).
• Transaction type/code: M — exercise or conversion of a derivative (RSU settlement).
• Shares acquired: 1,370 (from RSU vesting); shares disposed: 1,370 (same date).
• Price: Not disclosed (listed as N/A).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: F1 — Each RSU under the 2024 Omnibus Incentive Plan represented a contingent right to one share; the RSUs vested and settled on Feb 3, 2026.
• Filing timeliness: Report filed Feb 5 for a Feb 3 transaction (filed within the typical two-business-day window).

Context

• The filing reports a conversion/settlement of RSUs into shares (derivative-to-equity event). The simultaneous acquisition and disposition are reported but the filing does not state the reason for the disposition (e.g., sale or tax withholding) and gives no price. This is a routine compensation-related settlement by a director, not a clear open-market buy or discretionary sale.