Dean A. Foate, who serves as Chairman of the Board at Plexus Corp (NASDAQ:PLXS), executed an insider sale of common stock on February 2, 2026. The Form 4 filed with the Securities and Exchange Commission shows Foate sold 5,000 shares at a price of $204.8935 per share, for a reported total value of $1024467.
The filing indicates that the disposition reduced Foate's indirect holdings, leaving 15,000 shares held in trust. The transaction was followed the next day by an increase in Foate's direct holdings: on February 3, 2026, he acquired 1,370 shares of Plexus Corp common stock as a result of the vesting and settlement of Restricted Stock Units (RSUs).
Those insider moves came alongside the company’s latest quarterly results. For the first quarter of fiscal year 2026, Plexus reported earnings per share of $1.78, compared with a forecasted EPS of $1.75. Revenue for the quarter was reported at $1.07 billion, which the company said aligned with projections.
The combination of an EPS result above the analyst forecast and revenue consistent with expectations was noted in public reporting as indicative of a positive financial performance for the period. Following the release of the quarterly figures, Plexus shares experienced a notable increase. The reporting also noted that no analyst upgrades or downgrades were issued in connection with the earnings announcement.
Below is a concise recap of the factual items contained in public filings and the company’s earnings release:
- Insider transaction: Dean A. Foate sold 5,000 shares on February 2, 2026, at $204.8935 for a total value of $1024467.
- Post-sale holdings: Foate's indirect holdings were decreased to 15,000 shares held in trust, as shown on the Form 4 filing.
- RSU vesting: On February 3, 2026, Foate acquired 1,370 Plexus common shares through vesting and settlement of Restricted Stock Units.
- Quarterly results: Plexus reported EPS of $1.78 versus a $1.75 analyst forecast and revenue of $1.07 billion matching projections; shares rose after the announcement and no analyst rating changes were reported.
The information presented here is drawn from the company's SEC filing and its public quarterly results disclosure. The filings document both the insider transaction sequence and the core financial metrics reported for the quarter.