Jermain Patrick John 4

What Happened

• Jermain Patrick John, Executive Vice President & Chief Financial Officer of Plexus Corp. (PLXS), executed a series of equity transactions in mid‑February 2026. On 2026-02-12 he sold 2,321 shares in an open‑market transaction at $201.12 each for proceeds of $466,806. On 2026-02-17 the filing shows he exercised/converted 5,611 derivative shares and simultaneously disposed of 5,611 shares (consistent with a cashless exercise or immediate sale). Also on 2/17, 2,638 shares were surrendered/disposed to satisfy the exercise price or tax liability at an indicated price of $195.95 (value reported $516,916). Separately, he received 1,671 shares as a performance‑based award that vested.

Key Details

• Transaction dates and prices:
  • 2026-02-12: Open‑market sale (S) of 2,321 shares @ $201.12 = $466,806.
  • 2026-02-17: Exercise/conversion (M) of 5,611 shares (acquired) and a matching M entry showing disposition of 5,611 shares (cashless/covering sale); specific per‑share exercise price not stated in the filing.
  • 2026-02-17: Tax/price payment (F) — 2,638 shares disposed @ $195.95 = $516,916 (used to satisfy exercise price or tax withholding).
  • 2026-02-17: Grant/award (A) — 1,671 performance shares acquired (PSUs vested).
• Shares owned after the transactions: Not specified in the provided summary filing details.
• Notable footnotes:
  • F1: Some shares reported may be holdings in the company 401(k) plan per the plan trustee.
  • F2: The 1,671 performance shares reflect a 142.4% payout of the PSU component tied to relative TSR for FY2023 (target opportunity up to 150%).
• Timeliness: The report covers transactions through 2026-02-17 and was filed 2026-02-17 (no late‑filing flag indicated).

Context

• The filing shows both acquisition and disposition entries for the 5,611 derivative shares on the same date, which is commonly how cashless exercises are reported (options are exercised and some or all resulting shares are immediately sold or withheld to cover exercise costs and taxes). The F‑code entry confirms shares were surrendered to cover tax liability. These kinds of option exercises with simultaneous withholding/sales are routine executive compensation events; they are not, by themselves, a definitive signal of the insider’s view on the company.