Director Dean Foate Files Intent to Sell Over $2 Million in Plexus Corp. Stock
Summary
Director Dean Foate has filed a Form 144 indicating his intent to sell 10,000 shares of Plexus Corp. common stock, valued at approximately $2.03 million, adding to a recent pattern of insider selling.
Key Events
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Director Files Intent to Sell
Director Dean Foate filed a Form 144 to sell 10,000 shares of common stock.
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Significant Proposed Sale Value
The proposed sale has an approximate market value of $2.03 million.
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Part of Broader Insider Selling Trend
This filing follows recent Form 4 sales by the CEO and CFO, contributing to a pattern of insider distribution over the last 90 days.
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Shares Acquired via Compensation
The shares intended for sale were acquired through the vesting of Restricted Stock Units and Performance Stock Units.
Analysis
This Form 144 filing by Director Dean Foate signals a significant intent to sell shares, following recent sales by the CEO and CFO. While the shares were acquired through compensation, the proposed sale of over $2 million in stock contributes to a broader pattern of insider distribution observed over the past 90 days. Investors should note this as part of a cluster of insider selling activity, which can sometimes indicate a desire for liquidity among key personnel.
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.