Michael J. Running, Regional President - AMER, has demonstrated a consistent pattern of selling shares in Plexus Corp. (PLXS) over the past two years, with no recorded purchases in SEC filings. Since 2024, Running has executed 29 transactions in PLXS, all of which were sales or related dispositions, totaling $1,330,244 in aggregate value. His most recent disposals include a $143,828 sale on February 25, 2026, following a $189,756 transaction on February 2, 2026, and a $178,201 sale on January 30, 2026. These disposals were often preceded by smaller transactions, such as a $101,110 sale on February 17, 2026, and an $86,281 transaction on November 12, 2025.
The filings show a recurring cadence of sales, particularly around February, suggesting possible routine dispositions tied to equity compensation vesting or tax planning. Running’s largest single sale occurred on February 21, 2025, at $173,271, while earlier transactions in 2024 were comparatively smaller, including a $62,027 sale on February 15, 2024, and a $51,812 sale on January 30, 2024. The absence of any buy transactions indicates a clear directional bias toward reducing his PLXS holdings over time. While the filings do not specify whether these sales were prearranged under Rule 10b5-1 plans, the pattern aligns with systematic divestment rather than opportunistic trading.
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