Zycinski Frank 4
Research Summary
AI-generated summary
Plexus (PLXS) Regional President Frank Zycinski Receives RSU Shares
What Happened
Frank Zycinski, Regional President — EMEA at Plexus Corp. (PLXS), had 1,353 restricted stock units (RSUs) vest and settle on January 30, 2026. As part of the settlement, 677 shares were withheld to cover tax liabilities at $199.33 per share (total withheld ≈ $134,946), leaving a net of 676 shares issued to him. The Form 4 shows the RSU-to-share conversion (derivative conversion, code M) and the tax-withholding share payment (code F).
Key Details
- Transaction date: January 30, 2026 (Form filed Feb 3, 2026 — within the 2 business-day filing window).
- Shares vesting/converted: 1,353 RSUs settled into 1,353 shares (code M).
- Tax withholding: 677 shares withheld at $199.33/share for taxes (code F), proceeds ≈ $134,946.
- Net shares retained after withholding: 676 shares (1,353 − 677).
- Footnote: The RSUs were granted under the Plexus 2016 Omnibus Incentive Plan and vested/settled on Jan 30, 2026.
- Shares owned after the transaction: not specified in the provided filing summary.
Context
This was a routine RSU vesting and share-withholding for taxes (common practice), not an open-market purchase or sale intended as a market-timing signal. Transaction codes: M = exercise/conversion of a derivative (here, RSU-to-share settlement); F = payment of exercise price or tax liability (here, tax withholding via share surrender).