Mihm Oliver K. 4

What Happened
Oliver K. Mihm, Executive Vice President & Chief Operating Officer of Plexus Corp. (PLXS), was granted two equity awards on February 9, 2026: 4,030 restricted stock units (RSUs) and 5,670 performance stock units (PSUs), a total of 9,700 contingent units. These are derivative awards (no cash purchase price reported). The RSUs vest on February 9, 2029; the PSUs vest based on a three-year performance period with portions tied to relative total shareholder return (TSR) and economic return (ER).

Key Details

• Transaction date: February 9, 2026. Form 4 filed February 11, 2026 (timely, within the typical two-business-day window).
• Awards: 4,030 RSUs (time-based; vest Feb 9, 2029) and 5,670 PSUs (performance-based). Of the PSUs, 1,640 are TSR-dependent and the remainder (4,030) are ER-dependent.
• Award plan: Plexus Corp. 2024 Omnibus Incentive Plan; awards qualify under Rule 16b-3.
• Potential payout: PSUs reported at target; TSR-based PSUs may pay up to 150% of target and ER-based PSUs up to 200% of target depending on performance.
• Price/Value: N/A for grant (no exercise/purchase price listed).
• Shares owned after transaction: Not provided in the supplied excerpt.
• Footnotes: F1 notes prior 401(k) holdings reported by the plan trustee; F2 describes RSU terms; F3 describes PSU performance metrics and payout ranges.

Context
RSUs convert into company shares on the vesting date if the executive remains employed; PSUs only convert to shares if performance targets are met over the performance period. These grants are compensation awards, not open-market purchases or sales, and do not by themselves indicate the insider is buying or selling stock. They can lead to future share issuance if vested/earned and settled.