Ninivaggi Angelo Michael Jr 4

What Happened

• Angelo Michael Ninivaggi Jr., Executive Vice President, Chief Administrative Officer, General Counsel & Secretary of Plexus Corp. (PLXS), received equity awards on February 9, 2026: 2,300 Restricted Stock Units (RSUs) and 3,240 Performance Stock Units (PSUs). These are derivative awards (not open-market purchases) with no cash exchanged at grant (price reported as N/A).

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (appears timely).
• Awards: 2,300 RSUs; 3,240 PSUs (reported as target amounts).
• RSU vesting: RSUs vest on February 9, 2029 (three-year time-based vest).
• PSU vesting: PSUs vest based on a three-year performance period — 940 PSUs tied to relative total shareholder return (TSR) vs. S&P 400 peers (TSR portion may pay 0–150% of target) and the remainder tied to economic return (ER) goals (ER portion may pay 0–200% of target).
• Plan and rule: Grants made under the Plexus Corp. 2024 Omnibus Incentive Plan and qualify under Rule 16b-3.
• Shares owned after transaction: not specified in the provided filing details.
• Transaction type code: A = Award/Grant; reported as derivative (contingent right to receive shares upon vesting).

Context

• These are grants of contingent rights (RSUs/PSUs), not immediate share purchases or sales. RSUs convert to one share each upon vesting; PSUs convert to shares only if performance goals are met and may pay out at above- or below-target levels. Such awards are standard executive compensation and do not, by themselves, indicate a buy or sell market signal.