Randall M. Ruhlman - Sep 14, 2022 Form 4 Insider Report for PREFORMED LINE PRODUCTS CO (PLPC)

Role
10%+ Owner
Signature
/s/ Caroline S. Vaccariello, by power of attorney
Stock symbol
PLPC
Transactions as of
Sep 14, 2022
Transactions value $
$0
Form type
4
Date filed
9/16/2022, 04:30 PM
Next filing
Aug 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLPC Common shares, $2 par value Sale -$36M -810K -100% $44.40 0 Sep 14, 2022 by trust F1, F2
transaction PLPC Common shares, $2 par value Purchase $36M +810K $44.40 810K Sep 14, 2022 by trust F1, F3
holding PLPC Common shares, $2 par value 159K Sep 14, 2022 Direct
holding PLPC Common shares, $2 par value 46.7K Sep 14, 2022 by trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of the trust agreement (the "Trust Agreement") of the Barbara P. Ruhlman Revocable Trust dated 9/21/16 (the "2016 Trust"), the shares were sold to the trust established under the Irrevocable Trust Agreement between Barbara P. Ruhlman and Bernard L. Karr, dated July 29, 2008 (the "2008 IDGT Trust"). The purchase price was determined by the Trust Agreement as the value as finally determined for federal estate tax purposes, calculated based on the average of the means between the highest and lowest sales of the Common Shares on July 1, 2022 and July 5, 2022, plus the declared dividend, and after applying a blockage discount because of the large size of Common Shares being sold.
F2 Shares are held in the 2016 Trust, of which Katherine Wensink serves as trustee and Robert G. Ruhlman and the Reporting Person act as co-business advisors with respect to the investment and voting of such shares (except with respect to the reported sale of Common Shares by the 2016 Trust) and are indirect beneficiaries through the trust established under the Third Restatement of the Barbara P. Ruhlman Trust Agreement, dated November 20, 2008.
F3 Shares are held in the 2008 IDGT Trust, of which Katherine Wensink serves as trustee and Robert G. Ruhlman and the Reporting Person act as co-business advisors with respect to the investment and voting of such shares (except with respect to the reported acquisition of Common Shares by the 2008 IDGT Trust) and are beneficiaries.