McKenna Dennis F 4

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.