Preformed Line Products (PLPC) EVP logs stock awards and tax share withholding
Rhea-AI Filing Summary
Preformed Line Products Executive Vice President John M. Hofstetter reported routine equity compensation and related tax withholding transactions in company stock.
On February 4, 2026, he acquired 1,696 common shares of Preformed Line Products at $0 per share, reflecting the settlement of previously granted restricted stock units that convert into common shares based on performance goals. On the same date, 1,424 common shares were withheld at $245.42 per share to cover taxes for a vesting that occurred on December 31, 2025, with settlement on February 4, 2026.
Hofstetter also received a new grant of 591 restricted stock units at $0, which vest three years from grant and convert one-for-one into common shares. Following these transactions, he directly held 9,446 common shares and had additional indirect ownership of 532 common shares through a rabbi trust for the Deferred Compensation Plan, along with existing restricted stock unit holdings reported in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 591 | $0.00 | -- |
| Grant/Award | Common shares, $2 par value | 1,696 | $0.00 | -- |
| Tax Withholding | Common shares, $2 par value | 1,424 | $245.42 | $349K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis, based on the achievement of performance goals. This transaction includes the payment of 659 shares to cover the tax withholding for the vesting that occurred on December 31, 2025 with settlement not occurring until February 4, 2026. Restricted stock units convert into common stock on a one-for-one basis. Restricted stock units vest 3 years from the date of grant.