Running Michael J. 4

4 · PLEXUS CORP · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Plexus (PLXS) Regional President Michael J. Running Exercises PSUs

What Happened

Michael J. Running, Regional President – AMER at Plexus Corp (PLXS), reported the conversion/exercise of 1,096 performance-based derivative awards into common stock on 2026-02-17. As part of the vesting/settlement, 516 shares were withheld to satisfy tax withholding at $195.95 per share (value = $101,110). The filing also reports an award/grant of 326 derivative shares (reported as an acquisition).

Key Details

Transaction date: 2026-02-17; Filing date: 2026-02-19 (filed within the Form 4 deadline).
Conversion/exercise reported: 1,096 shares (derivative conversion).
Tax withholding: 516 shares disposed to cover taxes at $195.95 per share = $101,110.
Award/grant: 326 derivative shares reported as acquired.
Shares owned after transaction: Not disclosed in this filing.
Footnote: PSUs from fiscal 2023 vested at 142.4% of the target amount for the portion tied to relative TSR vs. the S&P 400 (opportunity had been up to 150%). This explains why the vested amount differed from the original target.
Codes: M = exercise/conversion of derivative; F = tax withholding; A = grant/award.

Context

These transactions reflect vesting/settlement of performance stock units (PSUs) rather than an open‑market buy or sell; the 516-share disposition is a routine tax withholding (share surrender/cashless withholding), not necessarily a market sale indicating sentiment.
For retail investors, awards and withholding are common when executives receive PSUs; purchases are more notable as a bullish signal, while vesting/withholding are typically administrative.

Form 4

Period: 2026-02-17

Regional President - AMER

Transactions

Exercise/Conversion
Common Stock, $.01 par value
[F1]
2026-02-17+1,096→ 2,391 total
Tax Payment
Common Stock, $.01 par value
2026-02-17$195.95/sh−516$101,110→ 1,875 total
Award
Performance Stock Units
[F1]
2026-02-17+326→ 1,096 total
→ Common Stock, $.01 par value (326 underlying)
Exercise/Conversion
Performance Stock Units
[F1]
2026-02-17−1,096→ 0 total
→ Common Stock, $.01 par value (1,096 underlying)

Footnotes (1)

[F1]Based on Company performance during the three-year performance period, 142.4% of the portion of the Performance Stock Units ("PSUs") granted in fiscal 2023 related to the relative total shareholder return ("TSR") of the Company's common stock as compared to companies in the S&P 400 Index vested. As previously disclosed, the reporting person had the opportunity to earn up to 150% of the targeted amount of PSUs based on TSR originally reported.

Signature

/s/ Michael J. Running, by Kate A. Gitter, Attorney-in-Fact|2026-02-19

1 file