Chairman Sells Additional $2.05 Million in Stock Amidst Broader Insider Distribution
PLXS sits 99% above its 52-week low of $103.43.
Summary
Dean A. Foate, Chairman of Plexus Corp., sold an additional $2.05 million worth of common stock, contributing to a significant pattern of insider selling at the company.
Key Events · Ownership and Investor Activity · PLXS
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Chairman Sells $2.05 Million in Stock
Dean A. Foate, Chairman of the Board, disposed of 10,000 shares of common stock in an open market sale for a total value of $2,050,000 at a price of $205.00 per share on February 6, 2026.
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Part of Broader Insider Selling Trend
This sale contributes to a significant pattern of insider distribution at Plexus Corp., with over $5.4 million in net sales by five active insiders in the past 90 days, including previous sales by Mr. Foate and other executives.
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Stock Trading Near 52-Week High
The transaction occurred while Plexus Corp. stock is trading near its 52-week high, potentially indicating insiders are taking profits.
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Routine RSU Grant
The filing also reported a routine grant of 1,008 Restricted Stock Units to Mr. Foate on February 9, 2026, which vest in February 2027.
Analysis · PLXS · Manufacturing
This Form 4 filing reveals Dean A. Foate, Chairman of the Board, executed a substantial open market sale of $2.05 million in company stock. This transaction follows a previous sale by Mr. Foate just days prior and occurs amidst a broader pattern of significant insider distribution, with over $5.4 million in net sales by five active insiders in the last 90 days. The selling activity, particularly from a key executive like the Chairman, while the stock is trading near its 52-week high, could be interpreted by investors as a signal of reduced confidence or a move to lock in gains.
At the time of this filing, PLXS was trading at $206.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $103.43 to $211.84. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.