The insider sales are too small to signal a bearish view. The credit agreement is a standard refinancing. Monitor the next 10-Q for any change in leverage or cash flow guidance that could explain the CEO's sale timing.
Price Chart
Executive Summary
Three PLXS insiders, including the CEO, sold a total of $564K in open-market sales over a 5-day window ending June 5, 2026. The sales coincide with the company entering into a new $7.3B credit agreement on June 5, raising the possibility that insiders were executing pre-planned trades before or after a material corporate event. The dollar amount is modest relative to the $7.3B market cap (~0.008%), making the cluster economically trivial despite the CEO's participation.
Key Financial Metrics
Key Facts
- CEO Todd P. Kelsey sold 1,000 shares for $290,000 on June 3, 2026.
- Regional President Michael J. Running sold 510 shares for $138,804 on June 5, 2026.
- Director Karen Marie Rapp sold 500 shares for $135,000 on June 1, 2026.
- Total insider sales of $564K represent ~0.008% of PLXS's $7.3B market cap.
- On June 5, 2026, PLXS entered into a Second Amended and Restated Credit Agreement with JPMorgan and other lenders.
- The credit agreement refinances the prior 2022 facility and includes financial covenants, increased commitments, and an accordion feature.
Financial Impact
Insider sales of $564K are immaterial relative to $7.3B market cap. The new credit agreement is a routine refinancing with no disclosed change in borrowing capacity or terms that would materially alter the company's financial profile.
Risk Factors
- CEO selling near a credit agreement signing could be perceived negatively by the market, though the dollar amount is trivial.
- The new credit agreement may contain tighter covenants or higher borrowing costs not disclosed in the filing excerpt.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PLXS-1780952406163 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 5w ago | 8-K | $240.94 $263.90 | ▲ +9.53% | ▲ +8.55% | $273.13 (+13.36%) |
Jul 29, 2026 9w ago | Press Release | $241.99 $245.43 | ▲ +1.42% | ▼ −2.54% | $273.13 (+12.87%) |
Jul 15, 2026 11w ago | Press Release | $248.80 $264.04 | ▼ −6.13% | ▼ −2.51% | $273.13 (−9.78%) |
Jun 18, 2026 15w ago | Institutional Cluster | $299.97 $248.80 | ▼ −17.06% | ▼ −17.59% | $273.13 (−8.95%) |
Jun 8, 2026 16w ago | Insider Cluster | $281.48 $255.94 | ▼ −9.07% | ▼ −10.52% | $273.13 (−2.97%) |
Jun 1, 2026 17w ago | Press Release | $271.40 $300.67 | ▲ +10.78% | ▲ +12.08% | $273.13 (+0.64%) |
May 6, 2026 21w ago | Insider Cluster | $265.04 $287.55 | ▲ +8.49% | ▲ +5.71% | $273.13 (+3.05%) |
Apr 29, 2026 22w ago | 8-K | $250.58 $267.89 | ▲ +6.91% | ▲ +1.94% | $273.13 (+9.00%) |
Apr 15, 2026 24w ago | Press Release | $222.88 $261.91 | ▲ +17.51% | ▲ +11.70% | $273.13 (+22.55%) |
Feb 25, 2026 31w ago | Insider Cluster | $204.09 $217.26 | ▲ +6.45% | ▲ +11.69% | $273.13 (+33.83%) |
US Market Status
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