Kelsey Todd P. 4
4 · PLEXUS CORP · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
PLXS CEO Kelsey Todd Sells Shares After RSU Vesting
What Happened
Kelsey Todd, President & CEO and a director of Plexus Corp. (PLXS), had 31,290 Restricted Stock Units (RSUs) vest and settle on Jan 30, 2026. To cover tax withholding, 14,724 shares were surrendered at $199.33 per share, generating $2,934,935. On Feb 3, 2026 she sold a total of 8,120 shares in the open market in multiple trades for aggregate proceeds of $1,669,880 (sales at weighted-average prices of $204.53, $205.88, $207.35 and $208.85 as reported).
This was not a purchase (not a bullish signal); it was a routine RSU vesting with sell-to-cover for taxes plus additional open-market sales for liquidity.
Key Details
- Vesting/settlement date: Jan 30, 2026 — 31,290 RSUs vested and converted into 31,290 shares (per plan).
- Tax withholding: 14,724 shares surrendered at $199.33 each = $2,934,935 (reported as payment of tax liability).
- Open-market sales (Feb 3, 2026): 3,837 shares @ weighted avg $204.53 = $784,794; 2,163 shares @ weighted avg $205.88 = $445,324; 2,000 shares @ $207.35 = $414,700; 120 shares @ $208.85 = $25,062. Total sales proceeds = $1,669,880.
- Net shares retained from this RSU settlement (based on filing): 31,290 vested − 14,724 withheld − 8,120 sold = 8,446 shares remaining from these RSUs. The filing does not state Ms. Todd’s total company holdings after these transactions.
- Footnotes: F1 confirms these were RSUs under the company’s omnibus plan and vested/settled Jan 30, 2026. F2 and F3 note some sales were executed in multiple trades and reported prices are weighted averages (ranges given in footnotes).
- Filing timeliness: Form 4 was filed Feb 3, 2026; transactions occurred Jan 30 (vesting) and Feb 3 (sales). No late-filing flag indicated.
Context
- These transactions reflect RSU vesting followed by sell-to-cover for taxes and additional discretionary open-market sales — a common practice among executives to satisfy tax obligations and raise cash.
- The derivative code (M) in the filing reflects conversion/settlement of RSUs into shares. The tax withholding (F) indicates shares surrendered rather than a separate cash payment.
- No 10% owner or gift transactions are involved; this is executive compensation settlement and subsequent sales, not an indication of a takeover or related-party gift.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $.01 par value
[F1]2026-01-30+31,290→ 101,442 total - Tax Payment
Common Stock, $.01 par value
2026-01-30$199.33/sh−14,724$2,934,935→ 86,718 total - Sale
Common Stock, $.01 par value
[F2]2026-02-03$204.53/sh−3,837$784,794→ 82,881 total - Sale
Common Stock, $.01 par value
[F3]2026-02-03$205.88/sh−2,163$445,324→ 80,718 total - Sale
Common Stock, $.01 par value
2026-02-03$207.35/sh−2,000$414,700→ 78,718 total - Sale
Common Stock, $.01 par value
2026-02-03$208.85/sh−120$25,062→ 78,598 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-01-30−31,290→ 0 total→ Common Stock, $.01 par value (31,290 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit granted under the Plexus Corp. 2016 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represented a contingent right to receive one share of Plexus Corp. common stock. The Restricted Stock Units vested and settled on January 30, 2026.
- [F2]This transaction was executed in multiple trades at prices ranging from $204.30 to $204.99 per share. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]This transaction was executed in multiple trades at prices ranging from $205.01 to $205.95 per share. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.