O'Shaughnessy Timothy 4
4 · PREFORMED LINE PRODUCTS CO · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Award
Common shares, $2 par value
[F1]2026-02-04+1,227→ 6,285 total - Tax Payment
Common shares, $2 par value
[F2]2026-02-04$245.42/sh−1,041$255,482→ 5,244 total - Award
Restricted stock units
[F3][F4]2026-02-04+493→ 493 totalExercise: $0.00→ Common shares, $2 par value (493 underlying)
- 92(indirect: By 401(k))
Common shares, $2 par value
- 817
Restricted stock units
[F4]Exercise: $0.00→ Common shares, $2 par value (817 underlying) - 876
Restricted stock units
[F4]Exercise: $0.00→ Common shares, $2 par value (876 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 482 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.