Zycinski Frank 4

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.