PREFORMED LINE PRODUCTS CO·4

Feb 6, 4:52 PM ET

McKenna Dennis F 4

4 · PREFORMED LINE PRODUCTS CO · Filed Feb 6, 2026

Research Summary

AI-generated summary of this filing

Updated

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
Period: 2026-02-04
Transactions
  • Award

    Common shares, $2 par value

    [F1]
    2026-02-04+2,67710,110 total
  • Tax Payment

    Common shares, $2 par value

    [F2]
    2026-02-04$245.42/sh2,223$545,5697,887 total
Holdings
  • Common shares, $2 par value

    (indirect: By Trust)
    24,535
  • Restricted stock units

    [F3]
    Exercise: $0.00Common shares, $2 par value (2,308 underlying)
    2,308
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

Documents

1 file
  • 4
    wk-form4_1770414746.xmlPrimary

    FORM 4