Klaus Andrew S 4

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.