Jermain Patrick John 4

What Happened

• Jermain Patrick John, Executive Vice President & Chief Financial Officer of Plexus Corp. (PLXS), had 9,360 restricted stock units (RSUs) vest and settle on January 30, 2026. Per the filing, 4,433 shares were withheld to satisfy tax obligations at $199.33 per share (value $883,630), and the remaining 4,841 shares were sold in an open-market transaction on February 3, 2026 at $204.01 per share (proceeds $987,612). Combined cash proceeds/withholding from the settlement and sale total about $1.87 million. These transactions are disposals (sales/withholding), not purchases.

Key Details

• Transaction dates and prices:
  • Jan 30, 2026: RSUs vested/settled (9,360 shares) — settlement documented as an exercise/conversion of a derivative (Rule 16b-3 grant/settlement).
  • Jan 30, 2026: 4,433 shares withheld for taxes at $199.33 per share (withheld/disposed), value $883,630.
  • Feb 3, 2026: 4,841 shares sold in open market at $204.01 per share, proceeds $987,612.
• Shares owned after transaction: not specified in the filing provided.
• Footnotes:
  • F2: Confirms each RSU represented a contingent right to one share and that the RSUs vested and settled on January 30, 2026.
  • F1: Relates to shares held in the Plexus 401(k) plan as of the plan trustee's last report (not directly changing these transactions).
• Filing timeliness: The Form 4 was filed Feb 3, 2026 for transactions dated Jan 30, 2026 — outside the typical 2-business-day reporting window, so the filing appears late.

Context

• This was an RSU vest-and-settle event followed by tax withholding and a market sale of the remaining shares (a common way executives cover tax liabilities after vesting). These are routine disposals tied to equity compensation rather than open‑market purchases, so they are not a direct bullish signal.