McKenna Dennis F 4
4 · PREFORMED LINE PRODUCTS CO · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Preformed Line Products (PLPC) CEO Dennis McKenna Sells Shares to Cover Taxes
What Happened
- Dennis F. McKenna, CEO of Preformed Line Products Co. (PLPC), was granted/received 2,677 restricted stock units (RSUs) on Feb 4, 2026 (recorded as an acquisition at $0). On the same date he disposed of 2,223 shares at $245.42 each to satisfy a tax obligation, for a total of $545,569. The disposal is reported under transaction code F (payment of exercise price or tax liability), indicating shares were used/issued to cover taxes rather than a market-directed sale.
Key Details
- Transaction dates: Feb 4, 2026 (filed Feb 6, 2026). Filing appears timely.
- Award: 2,677 RSUs acquired at $0.00 (code A).
- Tax-related disposition: 2,223 shares disposed at $245.42 each — proceeds/value $545,569 (code F).
- Shares owned after transaction: Not specified in this Form 4.
- Relevant footnotes from the filing:
- F1: RSUs convert into common stock on a one-for-one basis, contingent on performance goals.
- F2: The filing notes 1,029 shares were used to cover tax withholding for RSUs that vested Dec 31, 2025, with settlement on Feb 4, 2026.
- F3: RSUs vest three years from the grant date (as applicable).
Context
- This was primarily an RSU vesting/settlement event with shares used to satisfy tax withholding obligations — a routine, non-market-sale use of shares rather than a discretionary sell for investment reasons. For retail investors, such tax-withholding disposals are common and do not necessarily signal CEO sentiment about the stock.
Insider Transaction Report
Form 4
Transactions
- Award
Common shares, $2 par value
[F1]2026-02-04+2,677→ 10,110 total - Tax Payment
Common shares, $2 par value
[F2]2026-02-04$245.42/sh−2,223$545,569→ 7,887 total
Holdings
- 24,535(indirect: By Trust)
Common shares, $2 par value
- 2,308
Restricted stock units
[F3]Exercise: $0.00→ Common shares, $2 par value (2,308 underlying)
Footnotes (3)
- [F1]Restricted stock units convert into common stock on a one-for-one basis, based on the achievement of performance goals.
- [F2]This transaction includes the payment of 1,029 shares to cover the tax withholding for the vesting that occurred on December 31, 2025 with settlement not occurring until February 4, 2026.
- [F3]Restricted stock units vest 3 years from the date of grant.
Signature
/s/Carroline S. Vaccariello, by power of attorney|2026-02-06