Chairman of Plexus Corp. Sells Over $1 Million in Company Stock
Summary
Dean A. Foate, Chairman of the Board at Plexus Corp., sold over $1 million worth of common stock, contributing to a pattern of recent insider selling.
Key Events
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Chairman Sells Shares
Dean A. Foate, Chairman of the Board, sold 5,000 shares of common stock for approximately $1.02 million on February 2, 2026.
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Follows Intent to Sell
This sale follows a Form 144 filed by Mr. Foate on the same day, indicating his intent to dispose of shares.
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Part of Broader Insider Selling
This transaction contributes to a recent pattern of insider selling at Plexus Corp., including significant sales by the CEO and CFO this week.
Analysis
This Form 4 filing reports that Dean A. Foate, Chairman of the Board at Plexus Corp., sold 5,000 shares of common stock for approximately $1.02 million. This transaction follows a Form 144 filing by Mr. Foate on the same day, indicating his intent to sell shares. The sale, while a small percentage of the company's market capitalization, is significant in absolute dollar terms and occurs amidst a cluster of insider selling activity this week, including a $1.67 million sale by the CEO and another Form 144 filing by the CFO. This pattern of executive and director sales could signal a lack of confidence or a desire for liquidity among key insiders.
At the time of this filing, PLXS was trading at $196.28 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5.3B. The 52-week trading range was $103.43 to $208.92. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.