Ninivaggi Angelo Michael Jr 4

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.