Ninivaggi Angelo Michael Jr 4
4 · PLEXUS CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Plexus EVP Angelo Ninivaggi Exercises PSUs; 1,540 Shares Withheld
What Happened Angelo Michael Ninivaggi Jr., EVP, Chief Legal & PAO & Secretary of Plexus Corp (PLXS), had performance-based equity vest and convert on Feb 17, 2026. The filing shows the conversion/exercise of 3,275 derivative units into common shares and a separate grant/award of 975 derivative shares. To cover tax withholding, 1,540 shares were surrendered at $195.95/share, generating $301,763. Based on the reported items (3,275 converted + 975 awarded − 1,540 withheld), the reporting person received a net of about 2,710 shares. This was a vesting/settlement event, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (timely filing).
- Conversion/exercise: 3,275 shares (derivative units) — no per-share cash price reported.
- Grant/award: 975 shares (derivative).
- Tax withholding (code F): 1,540 shares disposed at $195.95/share = $301,763.
- Net shares received (based on reported items): ≈ 2,710 shares.
- Shares owned after transaction: not disclosed in the provided excerpt.
- Footnote: PSUs from fiscal 2023 vested at 142.4% of the relevant portion based on relative TSR vs. the S&P 400 (the target range allowed up to 150%).
- Filing timeliness: no late filing indicated.
Context This was a routine PSU vesting/settlement and tax-withholding event (common after performance awards vest). The derivatives were converted into shares and some shares were withheld to satisfy tax obligations; this does not represent an open-market buy or sale that signals a direct trading view.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $.01 par value
[F1]2026-02-17+3,275→ 23,374 total - Tax Payment
Common Stock, $.01 par value
2026-02-17$195.95/sh−1,540$301,763→ 21,834 total - Award
Performance Stock Units
[F1]2026-02-17+975→ 3,275 total→ Common Stock, $.01 par value (975 underlying) - Exercise/Conversion
Performance Stock Units
[F1]2026-02-17−3,275→ 0 total→ Common Stock, $.01 par value (3,275 underlying)
Footnotes (1)
- [F1]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.