Oliver K. Mihm sold 11,767 shares on Feb 17 at $198.785 and 2,048 shares on Feb 18 at $201.40–$201.41; an additional 2,048 shares were sold for tax purposes at $195.95.
The total sale amounted to approximately $2.36 million.
Mihm also purchased 4,357 shares and 1,297 performance stock units on Feb 17 as part of vesting.
Plexus Corp’s shares were trading around $196.57 when the sales occurred, following a 52.72 % 6‑month gain and a 33.72 % YTD return.
The company reported Q1 FY2026 EPS of $1.78, beating expectations of $1.75, and revenue of $1.07 billion, matching forecasts.
📖 Full Retelling
Oliver K. Mihm, the Executive Vice President and COO of Plexus Corp (NASDAQ: PLXS), sold $2.36 million worth of company stock on February 17–18, 2026, while the company’s shares were trading near $196. Meanwhile, Plexus reported a strong first‑quarter fiscal 2026 performance, with earnings per share of $1.78 beating analyst expectations and revenue of $1.07 billion matching forecasts.
The insider sale includes 11,767 shares sold on February 17 at $198.785 and 2,048 shares sold on February 18 in a range of $201.40–$201.41, with an additional 2,048 shares disposed of to cover tax obligations at $195.95. On the same day, Mihm also acquired 4,357 shares and 1,297 performance‑stock units from vesting. The sale coincides with the stock’s 52‑month gain of 52.72 % and year‑to‑date return of 33.72 %, which some analysts flag as over‑valued relative to its fair‑value estimate.
Plexus’s recent earnings beat expectations, sparking significant after‑hours trading activity and bolstering investor confidence in the company’s ability to meet revenue projections while exceeding EPS estimates.
Key next‑steps for the company include monitoring the post‑sale share distribution and assessing the impact of the recent earnings on long‑term valuation.
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Deep Analysis
Why It Matters
The sale of over $2.3 million in Plexus stock by its Executive VP signals insider confidence in the company's valuation and may affect investor perception. It also highlights the company's recent strong earnings and stock performance, which could influence future trading and corporate governance discussions.
Context & Background
Plexus Corp. reported a 52.7% stock gain in the past six months.
The company posted Q1 FY2026 earnings per share of $1.78, beating estimates.
Mihm sold 11,767 shares at $198.785 and 2,048 shares for taxes at $195.95.
He also acquired 4,357 shares and 1,297 performance units on the same day.
What Happens Next
Plexus may continue to report strong quarterly results, potentially boosting its stock price. The insider sale could prompt analysts to reassess the company's valuation. Investors will watch upcoming earnings releases and any corporate actions such as dividends or share buybacks.
Frequently Asked Questions
Why did Mihm sell shares?
To realize gains and cover tax obligations.
How many shares did he sell?
He sold 11,767 shares on Feb 17-18 and 2,048 shares for taxes.
Did he purchase any shares?
Yes, he acquired 4,357 shares and 1,297 performance units on Feb 17.
What was the impact on the stock price?
The sale coincided with a strong 52.7% gain, but the stock remains overvalued relative to fair value.
Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Nvidia and OpenAI close to finalizing smaller, $30 bln investment- FT U.S. stocks end lower after hawkish Fed minutes; Walmart guidance falls short Gold largely flat as investors weigh geopolitical tensions, hawkish Fed minutes Berenberg sees more than 50% upside in this small-cap software stock (South Africa Philippines Nigeria) Plexus exec VP Mihm sells $2.36 million in PLXS stock By Investing.com Insider Trading Published 02/20/2026, 12:25 AM Plexus exec VP Mihm sells $2.36 million in PLXS stock 0 PLXS -0.33% Oliver K. Mihm, Executive Vice President and COO of PLEXUS CORP (NASDAQ:PLXS) , sold 11,767 shares of company stock on February 17 and 18, 2026, for approximately $2.36 million. The sales were executed at a price of $198.785 on Feb 17 and in a range of $201.40 to $201.41 on Feb 18. The timing comes as shares trade at $196.57, following a strong 52.72% gain over the past six months and a 33.72% year-to-date return, according to InvestingPro data. The platform currently indicates the stock is overvalued relative to its Fair Value estimate. According to a Form 4 filing with the Securities and Exchange Commission, Mihm also disposed of 2,048 shares to cover tax obligations at a price of $195.95, totaling $401,305. On February 17, Mihm also acquired 4,357 shares of PLEXUS CORP common stock and 1,297 Performance Stock Units. These shares were acquired as a result of the vesting of Performance Stock Units. In other recent news, Plexus Corp. reported strong financial results for the first quarter of fiscal year 2026. The company’s earnings per share reached $1.78, surpassing analysts’ expectations of $1.75. Revenue was reported at $1.07 billion, aligning with forecasts. These results were well-received, as evidenced by the significant after-hours trading activity. The robust earnings highlight Plexus’s solid performance in the recent quarter. Investors and analysts alike noted the company’s ability to meet re...
