Tan Victor (Pang Hau) 4
4 · PLEXUS CORP · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Plexus (PLXS) Regional President Victor Tan Receives Equity Award
What Happened Victor Tan (Pang Hau), Regional President — APAC for Plexus Corp. (PLXS), was granted equity awards on February 9, 2026: 2,020 Restricted Stock Units (RSUs) and 2,840 Performance Stock Units (PSUs). The filing lists these as derivative acquisitions (award/grant); no purchase price is reported (N/A). RSUs convert to one share each when they vest; PSUs convert to shares only if specified performance conditions are met.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (timely).
- Awards: 2,020 RSUs (vest on February 9, 2029) and 2,840 PSUs (target amount reported).
- PSU specifics: 820 PSUs vest based on relative total shareholder return (TSR) vs. S&P 400 peers; remaining PSUs vest based on economic return (ER) goals over a three‑year performance period. Payout ranges: up to 150% for TSR‑based PSUs and up to 200% for ER‑based PSUs.
- Plan and rule: Grants made under the Plexus Corp. 2024 Omnibus Incentive Plan and qualify under Rule 16b‑3.
- Shares owned after the transaction: not disclosed in the filing.
Context This was an equity award (not an open‑market purchase or sale). RSUs and PSUs are common long‑term compensation: RSUs are time‑based and will become shares at vesting, while PSUs are performance‑contingent and may result in more or fewer shares than the target depending on results. Awards like these are compensation, not direct trading by the insider, and do not by themselves indicate an insider view to buy or sell stock.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-02-09+2,020→ 2,020 total→ Common Stock, $.01 par value (2,020 underlying) - Award
Performance Stock Units
[F2]2026-02-09+2,840→ 2,840 total→ Common Stock, $.01 par value (2,840 underlying)
- 11,435
Common Stock, $.01 par value
Footnotes (2)
- [F1]Each Restricted Stock Unit granted under the Plexus Corp. 2024 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represents a contingent right to receive one share of Plexus Corp. common stock. The Restricted Stock Units vest on February 9, 2029.
- [F2]Each Performance Stock Unit ("PSU") granted under the Plexus Corp. 2024 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represents a contingent right to receive one share of Plexus Corp. common stock if certain conditions are satisfied. Vesting of 820 PSUs is dependent on the relative total shareholder return ("TSR") of Plexus Corp.'s common stock as compared to companies in the S&P 400 Index and vesting of the remainder is based on goals related to economic return ("ER") during the three-year performance period. The target number of PSUs that may be earned is reported above. The reporting person may earn up to 150% of the targeted amount that is based on TSR and up to 200% of the targeted amount that is based on ER.