Preformed Line (NASDAQ: PLPC) VP adds RSUs and 6,500 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Preformed Line Products VP Morcos Assaad, VP of US Manufacturing, reported equity awards in company securities. On February 4, 2026, he acquired 407 restricted stock units at $0 per unit, which convert into common shares on a one-for-one basis and vest three years from grant.
After this report, he directly holds 681 restricted stock units and 6,500 employee stock options with a $132.4 exercise price per share. The 7,500-option grant from December 11, 2024 vests in tranches from 2025 through 2027, with a 10-year term from the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Morcos Assaad A
Role
VP, US Manufacturing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 407 | $0.00 | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Employee stock option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Restricted stock units — 407 shares (Direct);
Employee stock option (right to buy) — 6,500 shares (Direct)
Footnotes (1)
- Restricted stock units converted into common stock on a one-for-one basis. Restricted stock units vest 3 years from the date of grant. On December 11, 2024, the reporting person was granted 7,500 stock options, of which 3,750 vested on December 11, 2025, 1,875 will vest on December 11, 2026, and the remaining 1,875 will vest on December 11, 2027. The expiration date is 10 years from the grant date.
FAQ
What insider activity did PLPC VP Morcos Assaad report on this Form 4?
PLPC VP Morcos Assaad reported acquiring 407 restricted stock units on February 4, 2026 at $0 per unit. These units convert one-for-one into common shares and vest three years from the grant date, reflecting routine equity-based compensation for a senior executive.
How many restricted stock units does PLPC VP Morcos Assaad hold after the reported transaction?
Following the reported transaction, PLPC VP Morcos Assaad directly holds 681 restricted stock units. These units are structured to convert into an equal number of common shares, with vesting occurring three years from each grant date, aligning compensation with long-term company performance.
What stock option position does PLPC VP Morcos Assaad report holding?
Morcos Assaad reports holding 6,500 employee stock options with a $132.4 exercise price per share. These options come from a 7,500-option grant dated December 11, 2024, vesting in tranches from December 2025 through December 2027, with a 10-year expiration from grant.
How do the PLPC restricted stock units reported by Morcos Assaad vest and convert?
The restricted stock units reported by Morcos Assaad convert into common stock on a one-for-one basis. According to the filing footnotes, each grant of restricted stock units vests three years from its grant date, supporting a long-term retention and incentive structure for the executive.
What is the vesting schedule for the PLPC stock options granted to Morcos Assaad?
The filing states that 7,500 options were granted on December 11, 2024. Of these, 3,750 vested on December 11, 2025, 1,875 will vest on December 11, 2026, and 1,875 on December 11, 2027, with option expiration 10 years from the grant date.