Tan Victor (Pang Hau) 4
Research Summary
AI-generated summary
Plexus (PLXS) Regional President Tan Victor Receives 3,380 Shares
What Happened
Tan Victor (Pang Hau), Regional President — APAC for Plexus Corp. (PLXS), had 3,380 restricted stock units (RSUs) vest and settle on January 30, 2026. The Form 4 reports an acquisition of 3,380 shares via exercise/conversion of a derivative (code M) and a simultaneous disposition of 3,380 shares. No per-share price or total dollar value is reported in the filing.
Key Details
- Transaction date: 2026-01-30; Form 4 filed: 2026-02-03 (reporting period 2026-01-30).
- Transaction type/code: M (exercise/conversion of derivative) — RSU settlement per footnote.
- Shares acquired: 3,380; shares disposed: 3,380. Prices shown as N/A; no cash value disclosed.
- Footnote: Each RSU under the 2016 Omnibus Incentive Plan converted to one share; the units vested and settled on Jan 30, 2026 (Footnote F1).
- Shares owned after the transaction: not specified in the provided filing extract.
- Filing timeliness: filing date follows the transaction date; no late filing flag noted in the provided data.
Context
This filing reflects an award vesting and settlement (an administrative/compensation event), not an open-market buy or discretionary sale. The paired acquisition and disposition of the same share count commonly indicates shares were issued upon vesting and simultaneously withheld or sold to satisfy tax-withholding obligations or related settlement mechanics. The Form 4 does not show an open-market purchase that would be read as a bullish signal.