PLPC VP Timothy O'Shaughnessy Receives RSUs, Sells 1,041 Shares

What Happened
Timothy O'Shaughnessy, VP of Human Resources at Preformed Line Products Co. (PLPC), was granted a total of 1,720 restricted stock units (RSUs) and transferred/sold 1,041 shares to satisfy tax withholding. The filing shows two award events (1,227 RSUs and 493 RSUs) reported as acquisitions at $0.00, and a disposal of 1,041 shares at $245.42 per share, yielding proceeds of $255,482. The net effect: O'Shaughnessy received RSU awards (no cash purchase) while relinquishing shares to cover tax obligations.

Key Details

• Transaction date: February 4, 2026 (Period of Report: 2026-02-04; Form filed Feb 6, 2026).
• Awards: 1,227 RSUs and 493 RSUs granted (total 1,720 RSUs) reported as acquisitions at $0.00.
• Disposal: 1,041 shares disposed at $245.42 each for total proceeds of $255,482 (code F — payment of exercise price or tax liability).
• Footnotes:
  • F1/F3: RSUs convert into common stock on a one-for-one basis (F1 notes conversion depends on achievement of performance goals).
  • F2: 482 of the shares were withheld to cover tax withholding for vesting that occurred on Dec 31, 2025; settlement occurred Feb 4, 2026.
  • F4: Some RSUs vest three years from the grant date.
• Shares owned after the transaction: Not specified in the provided Form 4 data.
• Filing timeliness: Form 4 was filed on Feb 6 for Feb 4 transactions — generally within the required reporting window.

Context
This was primarily an equity award (RSUs) combined with a routine tax-withholding sale of company shares (common practice when RSUs vest). The sale appears to have been to satisfy taxes rather than an open-market divestiture. The RSUs include performance- and/or time-based vesting elements (per footnotes), so future share issuance depends on meeting those conditions.