Ruhlman Jon Ryan 4
Research Summary
AI-generated summary
PLPC President Jon Ruhlman Receives RSU Award, Surrenders Shares
What Happened
- Jon Ruhlman, President and Director of Preformed Line Products Co. (PLPC), was granted/received 1,785 shares reported as an award/acquisition (RSU conversion) on 2026-02-04 (acquisition price reported $0.00).
- On the same date he disposed of 1,494 shares to satisfy tax liabilities at a reported price of $245.42 per share, totaling $366,657. The disposal reflects tax withholding/surrender, not an open-market sale.
Key Details
- Transaction date: 2026-02-04; filing date: 2026-02-06 (timely filing within required window).
- Award: 1,785 shares acquired at $0.00 (restricted stock units converting to common stock).
- Disposition: 1,494 shares at $245.42 each, total $366,657 (tax withholding/payment).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes: F1—RSUs convert 1-for-1 based on achievement of performance goals; F2—transaction includes 692 shares used to cover tax withholding for vesting that occurred 12/31/2025 (settled 2/4/2026); F3—RSUs vest 3 years from grant.
- Nature of disposition: routine tax withholding/surrender (transaction code F), not an indicative open-market sale of remaining shares.
Context
- These transactions represent equity compensation vesting and associated tax withholding. The award is reported at $0.00 because it is a grant/vesting of restricted stock units; the surrendered shares were used to satisfy tax obligations, a common administrative step rather than a directional bet on the stock.