CFO Patrick Jermain Sells Additional Shares Amidst Ongoing Insider Distribution
Summary
Plexus Corp.'s CFO, Patrick Jermain, executed an open market sale of shares valued at over $466,000, continuing a recent trend of significant insider selling by key executives.
Key Events
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CFO Sells Shares
Patrick Jermain, Executive VP & CFO, sold 2,321 shares in an open market transaction for a total value of $466,806 on February 12, 2026.
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Continuation of Insider Selling Trend
This sale adds to a pattern of significant insider distribution, with over $8 million in net sales by executives over the past 90 days, including previous sales by Jermain on February 6th and the Chairman on February 10th.
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Option Exercise and Grant
The filing also reported the exercise of 5,611 options and the grant of 1,671 performance stock units on February 17, 2026, alongside mandatory tax withholding of $516,916 related to these transactions.
Analysis
This Form 4 filing indicates that CFO Patrick Jermain executed an open market sale of shares. While the individual sale amount of over $466,000 is moderate for a company of this size, it contributes to a broader pattern of insider distribution at Plexus Corp., with over $8 million in net sales by active insiders in the last 90 days. This follows previous sales by Jermain himself on February 6th and a substantial sale by the Chairman on February 10th. Such continued selling by key executives could be interpreted by investors as a lack of confidence or a move to lock in gains, potentially creating an overhang on the stock.
At the time of this filing, PLXS was trading at $195.95 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $103.43 to $211.84. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.