Morcos Assaad A 4

What Happened

• Morcos Assaad A, Vice President, US Manufacturing at Preformed Line Products (PLPC), exercised stock options and immediately disposed of part of the shares. The filing shows two option exercises of 1,750 shares each (3,500 total) at an exercise price of $132.40 per share.
• One exercise resulted in acquisition of 1,750 shares (cost $231,700). Simultaneously, 1,750 shares were disposed to the issuer at $260.34 per share, producing proceeds of $455,595. Net effect in the filing: 3,500 shares exercised, 1,750 sold to the issuer, and 1,750 retained.

Key Details

• Transaction date: March 10, 2026.
• Exercise price: $132.40 per share; exercise cost for 3,500 shares = $463,400.
• Disposition price to issuer: $260.34 per share; proceeds for 1,750 shares = $455,595.
• Shares owned after transaction: not specified in the provided excerpt of the Form 4.
• Relevant footnotes: F1 — 7,500 options were granted on Dec 11, 2024 (vesting: 3,750 on 12/11/2025, 1,875 on 12/11/2026, 1,875 on 12/11/2027; 10-year term). F2 — restricted stock units vest three years from grant (mentioned in filing but not directly part of this trade).
• Filing timeliness: no late filing flag indicated in the provided data.

Context

• This looks like a cashless or net-share exercise: options were exercised and a portion of the resulting shares was surrendered/sold to the issuer (commonly done to cover exercise costs or tax withholding). Such sales are often routine and do not necessarily signal a change in insider sentiment.
• For retail investors, purchases (insiders acquiring shares with cash) are typically more informative than routine option exercises followed by share surrender/sale. This filing documents an exercise with partial disposition, not an open-market purchase.