Plexus (PLXS) CFO David Abuhl Settles RSUs; 800 Shares Withheld

What Happened
David W. Abuhl, Sr. Vice President & Chief Financial Officer of Plexus Corp. (PLXS), had restricted stock units (RSUs) vest and settle on September 15, 2026. The filing shows a conversion/exercise (derivative) transaction for 2,500 shares and a tax-withholding disposition of 800 shares withheld at $238.53 per share (total $190,824). The filing also records an additional derivative conversion/disposition entry for 2,500 shares related to the settlement.

Key Details

• Transaction date(s): 2026-09-15; Form 4 filed 2026-09-16 (filed next day).
• Reported trades:
  • M (exercise/conversion of derivative): 2,500 shares acquired (conversion/settlement of RSUs)
  • F (payment of exercise price or tax liability): 800 shares withheld/disposed at $238.53 each = $190,824
  • M (exercise/conversion - derivative): 2,500 shares reported disposed (see filing)
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnote: One-third of the RSUs granted under the Plexus 2024 Omnibus Incentive Plan vested and settled on 9/15/2026 (per filing).
• Filing timeliness: Reported on 9/16/2026 for 9/15/2026 activity (filed the next day).

Context
This appears to be a routine RSU vesting/settlement event, not an open-market sale or purchase. The 800-share withholding is a standard tax withholding to satisfy taxes on the vested award. Transaction code M indicates conversion/exercise of a derivative (here, RSU settlement); code F indicates shares withheld for tax payment. Such settlements are common for executive compensation and do not, by themselves, signal a buy or sell decision in the open market.