Morcos Assaad A 4

What Happened

• Assaad Morcos, Vice President, US Manufacturing at Preformed Line Products Co. (PLPC), was issued 407 shares on February 4, 2026. The transaction is reported as an award/grant (derivative acquisition) at $0.00 per share — these were restricted stock units (RSUs) converted into common stock, not a market purchase.

Key Details

• Transaction date and price: 2026-02-04; 407 shares acquired at $0.00 per share (award/derivative).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes of note:
  • F1: The award represents RSUs converted into common stock on a one-for-one basis.
  • F2: The RSUs vest 3 years from the grant date (vesting terms).
  • F3: Separate disclosure: on Dec 11, 2024 the reporting person was granted 7,500 options with a staggered vesting schedule (3,750 vested 12/11/2025; 1,875 vest 12/11/2026; 1,875 vest 12/11/2027) and a 10‑year term.
• Filing timeliness: Report filed Feb 6, 2026 for a Feb 4, 2026 transaction — appears timely (no late filing indicated).
• No 10b5-1 plan, tax-withholding sale, or immediate sale reported in this transaction.

Context

• This was a compensatory RSU conversion (award), common for executive compensation; it is not a market purchase or sale and should not be read as a direct buy/sell signal. The filing also discloses outstanding stock options granted in 2024 with future vesting dates, but no option exercises or cashless sales were reported in this transaction.