Zycinski Frank 4
4 · PLEXUS CORP · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Plexus (PLXS) Frank Zycinski Receives Stock Awards
What Happened
Frank Zycinski, Regional President — EMEA for Plexus Corp. (PLXS), was granted a total of 2,170 derivative equity awards on February 9, 2026: 900 Restricted Stock Units (RSUs) and 1,270 Performance Stock Units (PSUs). No purchase price is reported (award grant, code A). The RSUs are time‑based and vest on February 9, 2029. The PSUs are contingent on company performance over a three‑year period and may be earned based on relative total shareholder return (TSR) and economic return (ER) goals.
Key Details
- Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-11). Filing appears timely.
- Grants: 900 RSUs (time‑based); 1,270 PSUs (performance‑based). No per‑share price (award, not open‑market trade).
- PSU vesting breakdown: 370 PSUs tied to relative TSR vs. the S&P 400; remaining 900 PSUs tied to ER goals.
- PSU payout ranges: TSR portion may pay up to 150% of target; ER portion may pay up to 200% of target (per footnote).
- RSU vest date: February 9, 2029. PSU performance measured over a three‑year period.
- Shares owned after transaction: not disclosed in the provided filing.
- Nature of transaction: derivative awards (contingent rights to receive shares), typical executive compensation — not an open‑market buy or sell.
Context
RSUs convert to actual shares only upon vesting; PSUs only convert to shares if performance metrics are met (and potentially at a multiplier). Such grants are standard long‑term compensation for executives and are not the same as an immediate purchase or sale of stock — they reflect compensation design rather than a direct trading signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-02-09+900→ 900 total→ Common Stock, $.01 par value (900 underlying) - Award
Performance Stock Units
[F2]2026-02-09+1,270→ 1,270 total→ Common Stock, $.01 par value (1,270 underlying)
- 1,399
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 370 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.