Preformed Line (PLPC) VP Olenik disposes 752 shares back to issuer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Preformed Line Products VP-Research & Engineering John J. Olenik reported a Form 4 showing an indirect disposition to the issuer of 752 common shares at $260.84 per share on March 12, 2026, through a 401(k) plan account.
Following this transaction, Olenik’s 401(k) plan holding in these common shares is reported as zero, while he continues to hold 7,506 common shares directly. He also holds restricted stock units covering 730, 783 and 441 underlying common shares, which vest 3 years from the date of grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Olenik John J
Role
VP-Research & Engineering
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common shares, $2 par value | 752 | $260.84 | $196K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
Holdings After Transaction:
Common shares, $2 par value — 0 shares (Indirect, by 401(k) plan);
Restricted stock units — 730 shares (Direct);
Common shares, $2 par value — 7,506 shares (Direct)
Footnotes (1)
- The reporting person's actual proportionate interest in the unitized stock fund, Preformed Line Stock fund, equals to 836 Common shares of the Issuer due to the difference between the net asset value per share and the closing stock price of the Common shares on March 12, 2026, as well as the rebalance of the cash position held within the Preformed Line Stock fund. Restricted stock units vest 3 years from the date of grant.
FAQ
What insider transaction did PLPC executive John J. Olenik report on this Form 4?
John J. Olenik reported an indirect disposition of 752 common shares of Preformed Line Products to the issuer. The shares were held through a 401(k) plan and were transferred back to the company at a reported price of $260.84 per share on March 12, 2026.
How are John J. Olenik’s restricted stock units in PLPC structured?
His restricted stock units each relate to common shares with $2 par value and have an exercise price of $0.00. Three RSU positions cover 730, 783 and 441 underlying shares, respectively, and the units are scheduled to vest three years from their individual grant dates.