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Share-Based Compensation
9 Months Ended
Jun. 29, 2024
Compensation Related Costs [Abstract]  
Share-Based Compensation Share-Based Compensation
At the 2024 Annual Meeting of Shareholders held on February 14, 2024, the Company's shareholders approved the Plexus Corp. 2024 Omnibus Incentive Plan (the "2024 Plan"). The 2024 Plan is a stock and cash-based incentive plan, and includes provisions by which the Company may grant executive officers, employees and directors stock options, stock appreciation rights ("SARs"), restricted stock (including restricted stock units ("RSUs")), performance stock awards (including performance stock units ("PSUs")), other stock awards and cash incentive awards. Similar awards were offered under its predecessor, the Plexus Corp. 2016 Omnibus Incentive Plan (the "2016 Plan"), which is no longer being used for grants of new awards; however, outstanding awards granted under the 2016 Plan and its predecessor continue until vesting, exercise, forfeiture or expiration.
The Company recognized $7.2 million and $19.6 million of compensation expense associated with share-based awards for the three and nine months ended June 29, 2024, respectively, and $3.9 million and $15.6 million for the three and nine months ended July 1, 2023, respectively.