PREFORMED LINE PRODUCTS CO·4

Feb 6, 5:04 PM ET

Klaus Andrew S 4

4 · PREFORMED LINE PRODUCTS CO · Filed Feb 6, 2026

Research Summary

AI-generated summary of this filing

Updated

Preformed Line (PLPC) CFO Klaus Andrew S Sells 1,496 Shares to Cover Taxes

What Happened

  • Klaus Andrew S, Chief Financial Officer of Preformed Line Products Co. (PLPC), had restricted stock units (RSUs) vest and convert to common stock. On 2026-02-04 he was issued 1,785 shares (award) and 693 shares from vested RSUs (derivative), each reported at $0.00 (typical for RSU conversion). To cover tax withholding related to the vesting, 1,496 shares were surrendered/disposed at $245.42 per share, generating proceeds of $367,148. The 693-share withholding specifically relates to vesting that occurred on 2025-12-31 with settlement on 2026-02-04.

Key Details

  • Transaction date: February 4, 2026
  • Acquisitions: 1,785 shares (award) @ $0.00; 693 shares (RSU vesting/derivative) @ $0.00
  • Disposal (tax withholding): 1,496 shares @ $245.42 = $367,148
  • Shares owned after the transaction: not specified in the provided filing excerpt
  • Footnotes: RSUs convert one-for-one into common stock (F1/F3); some RSUs are performance-based (conversion tied to performance goals, F1); RSUs generally vest three years from grant date (F4); 693 shares were used to cover withholding for the 12/31/2025 vesting (F2)
  • Filing timeliness: no late filing indicator provided in the supplied information

Context

  • This was not an open-market sale for investment purposes but a “sell-to-cover” (tax withholding) related to RSU vesting — a routine administrative transaction common with equity compensation. RSU awards and vested shares were issued and partially surrendered to satisfy tax obligations; RSUs convert one-for-one and may be subject to performance and time-based vesting conditions.

Insider Transaction Report

Form 4
Period: 2026-02-04
Transactions
  • Award

    Common shares, $2 par value

    [F1]
    2026-02-04+1,78518,414 total
  • Tax Payment

    Common shares, $2 par value

    [F2]
    2026-02-04$245.42/sh1,496$367,14816,918 total
  • Award

    Restricted stock units

    [F3][F4]
    2026-02-04+693693 total
    Exercise: $0.00Common shares, $2 par value (693 underlying)
Holdings
  • Common shares, $2 par value

    (indirect: By Trust)
    4,947
  • Restricted stock units

    [F4]
    Exercise: $0.00Common shares, $2 par value (1,139 underlying)
    1,139
  • Restricted stock units

    [F4]
    Exercise: $0.00Common shares, $2 par value (1,221 underlying)
    1,221
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 693 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.
Signature
/s/ Caroline S. Vaccariello, by power of attorney|2026-02-06

Documents

1 file
  • 4
    wk-form4_1770415441.xmlPrimary

    FORM 4