Running Michael J. 4

What Happened
Michael J. Running, Regional President — AMER at Plexus Corp. (PLXS), received two equity awards on February 9, 2026: 1,100 restricted stock units (RSUs) and 1,550 performance stock units (PSUs). These were reported as awards/derivative grants (Form 4 code A). No purchase price is reported because these are compensation awards (derivative awards), not open-market trades.

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (appears timely).
• Award details: 1,100 RSUs; 1,550 PSUs (reported as target amount). No per-share price (N/A) — these are contingent awards, not cash purchases.
• RSU vesting: Each RSU converts to one share; RSUs vest on February 9, 2029.
• PSU vesting: PSUs convert to shares only if performance conditions are met during the three-year performance period. Vesting is based on relative total shareholder return (TSR) versus the S&P 400 and on economic return (ER) goals. The award can pay between 0% and a capped multiple of target: up to 150% of the TSR-based target and up to 200% of the ER-based target.
• Rule 16b-3: Awards were made under the Plexus Corp. 2024 Omnibus Incentive Plan and qualify under Rule 16b-3.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Reported on Form 4 dated Feb 11 for a Feb 9 grant (generally within the required reporting window).

Context
These grants are compensation awards, not open-market purchases or sales. RSUs will convert to stock only after time-based vesting; PSUs are contingent on meeting performance targets and may pay out more or less than the target amounts. Such awards are routine executive compensation and do not by themselves indicate immediate insider buying or selling.