Mihm Oliver K.

PLXS COO Mihm Oliver K. sold 11,767 shares over 2 days (Feb 17-18) for $2.4M; prior PLXS sells were well-timed at 90 days

Mihm Oliver K., Exec VP & COO of Plexus Corp, executed 2 separate sales totaling 11,767 shares for $2,364,052.81 at blended average price $200.91, reducing his holdings by 47.9% from 24,576 shares to 12,809 shares. This represents a material reduction in his personal stake during a period of significant price appreciation: the stock has gained 11.8% over 30 days and 42.0% over 90 days, currently trading at $196.57 versus transaction prices near $200.91. Notably, his prior trades at this ticker (2 sales in November 2024) both exhibited negative 90-day returns (-0.0% and -0.9% at 30 days; -14.0% and -16.0% at 90 days), indicating a timing pattern where his sales preceded subsequent stock declines. The current transaction occurred after substantial recent gains, and the stock is now 5.7% below its 52-week high of $208.36, creating a factual pattern worth monitoring against his demonstrated accuracy in prior PLXS sales timing.

COO Mihm sells 10,015 shares at $166.43 blended average; reduces stake 39.6% to 15.3K shares

Mihm Oliver K., Exec VP & COO of Plexus Corp, executed two separate sales totaling 10,015 shares for $1,666,795.61 on 2024-11-06 and 2024-11-07 at prices of $167.06 and $165.60 respectively. This represents a 39.6% reduction in his post-transaction holdings from 25.3K to 15.3K shares. The sales occurred near Plexus's 52-week high of $166.77 (current price $165.97 is -0.5% from that peak) and follow strong recent momentum: the stock has risen 22.4% over 30 days and 39.7% over 90 days. The company trades at a P/E of 40.78 with revenue of $991.0M and net income of $25.1M in the latest quarter, reflecting 10.0% annual revenue growth. The substantial reduction in an executive's equity stake at elevated valuations warrants attention to whether this reflects broader capital-allocation decisions or shifts in management conviction.