Tan Victor (Pang Hau) 4

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.