Olenik John J 4

What Happened

• John J. Olenik, VP — Research & Engineering at Preformed Line Products Co. (PLPC), reported a disposition to the issuer on 2026-06-10: 1,000 shares were transferred at $360.91 per share, for total proceeds of $360,910.
• This is a sale/disposition (not a purchase); such transactions are often routine (e.g., tax withholding on equity awards) rather than an active open-market sale.

Key Details

• Transaction date and price: 2026-06-10 at $360.91 per share.
• Total value: $360,910.
• Transaction type: Disposition to issuer (reported as "D").
• Shares owned after the transaction: Not specified in the filing.
• Footnote: F1 states that restricted stock units vest three years from the grant date.
• Filing timeliness: Reported on 2026-06-10 (same day as the transaction), indicating a timely Form 4 filing.

Context

• A "disposition to the issuer" frequently reflects shares surrendered to the company to satisfy tax withholding when restricted stock units vest. The filing’s F1 note about RSUs vesting in three years is consistent with the presence of restricted awards, but the filing does not explicitly state the reason for this specific disposition.