Running Michael J. 4
4 · PLEXUS CORP · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Plexus (PLXS) Regional President Michael Running Sells Shares After RSU Vesting
What Happened
Michael J. Running, Regional President – AMER at Plexus Corp. (PLXS), had 1,820 Restricted Stock Units (RSUs) vest and settle on January 30, 2026. Of the 1,820 shares delivered, 894 shares were withheld to satisfy tax withholding (reported disposition value $178,201 at $199.33/share) and 926 shares were sold in an open-market transaction on February 2, 2026 for $204.92/share (proceeds $189,756). This was not a purchase—it's a routine post-vesting tax withholding plus an open-market sale of vested shares.
Key Details
- Vesting/settlement date: January 30, 2026 — 1,820 RSUs vested and settled (per footnote: each RSU converts to one share).
- Tax withholding (code F): 894 shares withheld at $199.33/share = $178,201.
- Open-market sale (code S): 926 shares sold on 2026-02-02 at $204.92/share = $189,756.
- Transaction types: M (exercise/conversion of derivative = RSU settlement), F (tax withholding), S (sale).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnote: RSUs granted under the Plexus 2016 Omnibus Incentive Plan vested and settled on Jan 30, 2026 (each RSU = one share).
- Filing date: Form 4 accession Feb 3, 2026 (check the filing for timeliness status).
Context
This was a settlement of RSUs (a grant converted to stock), followed by shares withheld for taxes and an open-market sale of the remaining vested shares. Tax-withholding dispositions are routine and do not necessarily signal a view on company prospects; purchases are more indicative of bullish insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $.01 par value
[F1]2026-01-30+1,820→ 3,115 total - Tax Payment
Common Stock, $.01 par value
2026-01-30$199.33/sh−894$178,201→ 2,221 total - Sale
Common Stock, $.01 par value
2026-02-02$204.92/sh−926$189,756→ 1,295 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-01-30−1,820→ 0 total→ Common Stock, $.01 par value (1,820 underlying)
Footnotes (1)
- [F1]Each Restricted Stock Unit granted under the Plexus Corp. 2016 Omnibus Incentive Plan, which qualifies under Rule 16b-3, represented a contingent right to receive one share of Plexus Corp. common stock. The Restricted Stock Units vested and settled on January 30, 2026.