McKenna Dennis F 4
4 · PREFORMED LINE PRODUCTS CO · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Preformed Line Products (PLPC) CEO Dennis McKenna Sells 7,887 Shares
What Happened Dennis F. McKenna, CEO of Preformed Line Products Co. (PLPC), reported a disposition to the issuer of 7,887 shares on 2026-03-10 at $260.34 per share, for a total of $2,053,302. The Form 4 uses transaction code "D" (disposition to the issuer), not an open-market sale.
Key Details
- Transaction date and price: 2026-03-10 at $260.34 per share.
- Total value reported: $2,053,302.
- Transaction code: D (Disposition to issuer).
- Shares owned after the transaction: not disclosed in the provided filing.
- Footnote: F1 — these were restricted stock units; footnote states RSUs vest 3 years from the grant date.
- Filing timeliness: Report filed 2026-03-11 (next day) — no late filing indicated.
Context A "D" disposition on a Form 4 commonly reflects shares delivered back to the company to satisfy tax withholding obligations when restricted stock units vest, rather than a market sale. The filing’s footnote confirms the award was RSUs that vest three years from grant. This type of transaction is typically administrative (tax-related) rather than an independent signal of buying or selling intent.
Insider Transaction Report
- Disposition to Issuer
Common shares, $2 par value
2026-03-10$260.34/sh−7,887$2,053,302→ 0 total
- 24,535(indirect: By Trust)
Common shares, $2 par value
- 2,308
Restricted stock units
[F1]Exercise: $0.00→ Common shares, $2 par value (2,308 underlying)
Footnotes (1)
- [F1]Restricted stock units vest 3 years from the date of grant.