Vaccariello Caroline Saylor 4
4 · PREFORMED LINE PRODUCTS CO · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
PLPC GC Caroline Vaccariello Receives RSUs; Sells 1,278 Shares
What Happened
Caroline S. Vaccariello, General Counsel & Corporate Secretary of Preformed Line Products Co. (PLPC), received restricted stock unit (RSU) awards that converted into common shares and had 1,278 shares surrendered to cover tax withholding. On Feb 4, 2026 she was credited with 1,517 shares (acquired at $0.00 as RSU conversion) and an additional 564-share RSU award (derivative). Simultaneously, 1,278 shares were disposed at an attributed value of $245.42 per share, totaling $313,647, to satisfy tax obligations (code F).
Key Details
- Transaction date: 2026-02-04. Disposal price used for tax withholding: $245.42/share; total value of shares surrendered: $313,647.
- Acquisitions: 1,517 shares (RSU conversion) and 564 shares awarded (derivative RSUs). Disposition: 1,278 shares surrendered for tax withholding (not an open-market sale).
- Footnotes: RSUs convert one-for-one into common stock (F1, F3). 592 of the surrendered shares covered tax withholding for RSUs that vested on 12/31/2025 but settled on 2/4/2026 (F2). The 564-share award vests in 3 years from grant (F4).
- Transaction codes: A = Award/Grant (RSU conversion); F = Payment of exercise price or tax liability (sell-to-cover).
- Shares owned after transaction: not disclosed in the provided filing excerpt. Filing timeliness: not indicated in the provided data.
Context
This appears to be routine RSU vesting with a common “sell-to-cover” or share surrender to pay taxes rather than an open-market sale. Such tax withholding transactions are administrative and do not necessarily signal a change in the insider’s market view.
Insider Transaction Report
- Award
Common shares, $2 par value
[F1]2026-02-04+1,517→ 4,733 total - Tax Payment
Common shares, $2 par value
[F2]2026-02-04$245.42/sh−1,278$313,647→ 3,455 total - Award
Restricted stock units
[F3][F4]2026-02-04+564→ 564 totalExercise: $0.00→ Common shares, $2 par value (564 underlying)
- 479(indirect: By 401(k))
Common shares, $2 par value
- 16,857(indirect: By Trust)
Common shares, $2 par value
- 966
Restricted stock units
[F4]Exercise: $0.00→ Common shares, $2 par value (966 underlying) - 995
Restricted stock units
[F4]Exercise: $0.00→ Common shares, $2 par value (995 underlying)
Footnotes (4)
- [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 592 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 convert into common stock on a one-for-one basis.
- [F4]Restricted stock units vest 3 years from the date of grant.