Jon Ryan Ruhlman - 02 Feb 2022 Form 4 Insider Report for PREFORMED LINE PRODUCTS CO (PLPC)

Role
V.P.-Marketing & Bus. Develop., Director
Signature
/s/Caroline S. Vaccariello, by power of attorney
Issuer symbol
PLPC
Transactions as of
02 Feb 2022
Net transactions value
-$24,721
Form type
4
Filing time
15 Feb 2022, 14:30:18 UTC
Previous filing
05 Jan 2022
Next filing
05 Jan 2023
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 Options Exercise $0 +3,422 +358% $0.000000 4,379 02 Feb 2022 by rabbi trust for Deferred Compensation Plan F1
transaction PLPC Common shares, $2 par value Options Exercise $0 +405 +5.2% $0.000000 8,151 02 Feb 2022 Direct F1, F2
transaction PLPC Common shares, $2 par value Tax liability $24,721 -405 -5% $61.04 7,746 02 Feb 2022 Direct F2
holding PLPC Common shares, $2 par value 79 02 Feb 2022 by 401(k) plan
holding PLPC Common shares, $2 par value 650 02 Feb 2022 by Roth IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PLPC Restricted stock units Award $0 +2,021 $0.000000 2,021 02 Feb 2022 Common Shares, $2 par value 2,021 $0.000000 Direct F3, F4
holding PLPC Restricted stock units 1,069 02 Feb 2022 Common Shares, $2 par value 1,069 $0.000000 Direct F3, F4
holding PLPC Restricted stock units 1,590 02 Feb 2022 Common Shares, $2 par value 1,590 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units converted into common stock on a one-for-one basis, based on the achievement of performance goals. The Reporting Person elected to defer these restricted stock units under the Company's Deferred Compensation Plan (the "Plan"), which holds such shares in the Rabbi Trust. Deferred amounts under the Plan shall be paid to the Reporting Person in a distribution of Company common shares.
F2 Represents shares delivered upon conversion of vested restricted stock units that were tendered to the Issuer to satisfy the portion of taxes due upon vesting and that were not subject to deferral.
F3 Each restricted stock unit represents a contingent right to receive one Common Share.
F4 Restricted stock units vest 3 years from the date of grant.