Kelsey Todd P. 4

What Happened

• Kelsey Todd, President & CEO and a director of Plexus Corp. (PLXS), was granted a total of 39,270 equity awards on February 9, 2026: 16,320 Restricted Stock Units (RSUs) and 22,950 Performance Stock Units (PSUs). No per‑share price or immediate cash value is reported for these award grants (reported as derivative awards).
• The RSUs represent a contingent right to receive one share each and vest on February 9, 2029. The PSUs are contingent on performance over a three‑year period and may be earned at different payout levels depending on achievement.

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (timely filing).
• Awards: 16,320 RSUs (vest 2/9/2029); 22,950 PSUs (three‑year performance period).
• Price/Value: N/A on the filing — these are grant awards, not open‑market purchases or sales.
• Shares owned after transaction: not specified in the filing.
• Footnotes: Grants made under the Plexus Corp. 2024 Omnibus Incentive Plan and qualify under Rule 16b‑3. Of the 22,950 PSUs, 6,630 are tied to relative total shareholder return (TSR) versus S&P 400 peers; the remainder are tied to economic return (ER) goals. PSUs can pay out up to 150% of target for the TSR portion and up to 200% for the ER portion.

Context

• These are compensation awards, not open‑market purchases or sales, so they primarily reflect executive pay rather than a direct buy/sell signal. RSUs convert to shares if and when they vest; PSUs convert to shares only if performance targets are met. The grants are common for senior executives and are intended to align long‑term incentives with shareholder performance.