Robert G. Ruhlman - 14 Sep 2022 Form 4 Insider Report for PREFORMED LINE PRODUCTS CO (PLPC)

Role
Director, 10%+ Owner
Signature
/s/ Caroline S. Vaccariello, by power of attorney
Issuer symbol
PLPC
Transactions as of
14 Sep 2022
Net transactions value
$0
Form type
4
Filing time
16 Sep 2022, 16:30:41 UTC
Previous filing
04 Feb 2022
Next filing
30 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLPC Common shares, $2 par value Sale $35,981,760 -810,400 -100% $44.40 0 14 Sep 2022 by trust F1, F2
transaction PLPC Common shares, $2 par value Purchase $35,981,760 +810,400 $44.40 810,400 14 Sep 2022 by trust F1, F3
holding PLPC Common shares, $2 par value 47,389 14 Sep 2022 Direct
holding PLPC Common shares, $2 par value 6,274 14 Sep 2022 by 401(k) plan
holding PLPC Common shares, $2 par value 500 14 Sep 2022 by spouse
holding PLPC Common shares, $2 par value 34,656 14 Sep 2022 by trust
holding PLPC Common shares, $2 par value 156,648 14 Sep 2022 by rabbi trust for Deferred Compensation Plan
holding PLPC Common shares, $2 par value 137,411 14 Sep 2022 by trust
holding PLPC Common shares, $2 par value 565 14 Sep 2022 By Roth IRA
* 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 Randall M. 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 Randall M. 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.