Andrew S. Klaus - 08 Aug 2023 Form 4 Insider Report for PREFORMED LINE PRODUCTS CO (PLPC)

Role
CFO
Signature
/s/Caroline S. Vaccariello, by power of attorney
Issuer symbol
PLPC
Transactions as of
08 Aug 2023
Net transactions value
-$369,929
Form type
4
Filing time
09 Aug 2023, 13:50:55 UTC
Previous filing
09 Aug 2023
Next filing
03 Jan 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 Disposed to Issuer $369,929 -2,151 -18% $171.98 9,501 08 Aug 2023 Direct
transaction PLPC Common shares, $2 par value Options Exercise $236,200 +5,000 +53% $47.24 14,501 08 Aug 2023 Direct F1

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 Employee stock option (right to buy) Options Exercise $236,200 -5,000 -100% $47.24 0 08 Aug 2023 Common Shares, $2 par value 10,000 $47.24 Direct F1
holding PLPC Restricted stock units 1,783 08 Aug 2023 Common Shares, $2 par value 1,783 $0.000000 Direct F2, F3
holding PLPC Restricted stock units 2,184 08 Aug 2023 Common Shares, $2 par value 2,184 $0.000000 Direct F2, F3
holding PLPC Restricted stock units 1,539 08 Aug 2023 Common Shares, $2 par value 1,539 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 10, 2020, the Reporting Person was granted 10,000 stock options, of which 5,000 vested on April 9, 2021, 2,500 will vest on April 9, 2022, and the remaining 2,500 will vest on April 9, 2023. This transaction refers to the exercise and hold of the remaining vested 5,000 shares at the option strike price.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 Restricted stock units vest 3 years from the date of grant.