Quadracci J Joel 4

What Happened

• Joel Quadracci, a director of Plexus Corp. (PLXS), had 1,370 restricted stock units (RSUs) vest and convert into 1,370 shares on February 3, 2026. The Form 4 lists an acquisition (conversion) of 1,370 shares and a matching disposition of 1,370 shares. No prices or total dollar values are reported for these entries.

Key Details

• Transaction date: February 3, 2026 (report filed Feb 5, 2026).
• Transaction types/codes reported: M (exercise or conversion of a derivative) — 1,370 shares acquired and 1,370 shares disposed.
• Price per share: N/A (not reported on the form).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: F1 — The units were Restricted Stock Units granted under the Plexus 2024 Omnibus Incentive Plan; each RSU converted to one share and the RSUs vested and settled on Feb 3, 2026.
• Timeliness: Filing appears to be timely (transaction 2/3/2026; Form 4 filed 2/5/2026).

Context

• This was an award/settlement (RSU vesting and conversion to shares), not an open-market buy or voluntary sale. The equal number of shares shown as disposed the same day is commonly due to tax withholding or an immediate sale to cover tax obligations, but the Form 4 does not specify the reason. Such award settlements are routine compensation events and should be interpreted differently from voluntary insider purchases or sales.