Olenik John J 4

What Happened
John J. Olenik, Vice President — Research & Engineering at Preformed Line Products Co. (PLPC), received restricted stock unit (RSU) awards and had shares withheld to cover tax obligations. On 2026-02-04 he was credited with 1,160 RSUs (regular awards) and 441 derivative/performance-based RSUs (both recorded at $0.00). On the same date 987 shares were surrendered/ disposed at $245.42 each to satisfy tax withholding, producing proceeds of $242,230. This was not an open-market sale of newly purchased stock but a standard tax-withholding action tied to RSU vesting.

Key Details

• Transaction date: February 4, 2026; Form filed February 6, 2026. No late-filing flag noted in the filing.
• Awards: 1,160 RSUs (grant/award) and 441 derivative/performance RSUs (both reported as $0.00 acquisition price).
• Withholding/disposition: 987 shares disposed at $245.42 each for a total of $242,230 (code F — payment of tax liability via share withholding). Footnote F2 indicates 457 of the withheld shares covered taxes for RSU vesting that occurred 12/31/2025 (settlement 2/4/2026).
• RSU mechanics: Footnotes state RSUs convert one-for-one into common stock (F1, F3) and that some RSUs vest 3 years from grant (F4).
• Shares owned after transaction: Not reported in the summary data provided.

Context

• This filing reflects receipt of RSUs and routine share withholding for taxes, a common practice when equity awards vest. Such withholdings are administrative and do not necessarily signal a buy or sell decision about company shares.
• The 441 units are described as derivative/performance-based RSUs (convert on achievement of performance goals); the 1,160 appear to be time-based awards.