Hofstetter John M 4

What Happened

• John M. Hofstetter, Executive Vice President of Preformed Line Products Co. (PLPC), had restricted stock units (RSUs) vest and was reported as acquiring 1,696 shares and a separate derivative award of 591 RSUs on Feb 4, 2026 (grants shown at $0.00). To satisfy tax withholding obligations, 1,424 shares were disposed at $245.42 per share for a total withholding value of $349,478. This disposal was a tax-withholding/cashless settlement, not an open-market sale.

Key Details

• Transaction date(s): Feb 4, 2026 (report filed Feb 6, 2026).
• Acquisitions: 1,696 shares (RSUs) and 591 derivative RSUs granted/issued at $0.00.
• Disposal for tax withholding: 1,424 shares at $245.42 each = $349,478.
• Footnotes of note:
  • F1/F3: These RSUs convert into common stock on a one-for-one basis, some tied to performance goals.
  • F2: 659 of the withheld shares covered taxes for RSUs that vested Dec 31, 2025 but settled Feb 4, 2026.
  • F4: Some restricted stock units vest three years from the grant date.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Form 4 filed Feb 6 for Feb 4 transactions — appears to be filed promptly.

Context

• The 1,424-share disposal was for tax withholding (transaction code F), a routine administrative event that does not indicate an open-market sale or necessarily reflect the insider’s view of the company.
• The grants are RSU awards (including performance-based units) converting to common stock on a one-for-one basis; some vesting is time-based (3 years) and some contingent on performance.