Klaus Andrew S 4
4 · PREFORMED LINE PRODUCTS CO · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
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
Transactions
- Award
Common shares, $2 par value
[F1]2026-02-04+1,785→ 18,414 total - Tax Payment
Common shares, $2 par value
[F2]2026-02-04$245.42/sh−1,496$367,148→ 16,918 total - Award
Restricted stock units
[F3][F4]2026-02-04+693→ 693 totalExercise: $0.00→ Common shares, $2 par value (693 underlying)
Holdings
- 4,947(indirect: By Trust)
Common shares, $2 par value
- 1,139
Restricted stock units
[F4]Exercise: $0.00→ Common shares, $2 par value (1,139 underlying) - 1,221
Restricted stock units
[F4]Exercise: $0.00→ Common shares, $2 par value (1,221 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 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