John J. Olenik - 17 Aug 2023 Form 4 Insider Report for PREFORMED LINE PRODUCTS CO (PLPC)

Role
VP-Research & Engineering
Signature
/s/Caroline S. Vaccariello, by power of attorney
Issuer symbol
PLPC
Transactions as of
17 Aug 2023
Net transactions value
-$854,400
Form type
4
Filing time
05 Sep 2023, 11:47:35 UTC
Previous filing
10 Feb 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 Options Exercise $303,000 +5,000 +220% $60.60 7,269 17 Aug 2023 Direct F1
transaction PLPC Common shares, $2 par value Disposed to Issuer $854,400 -5,000 -69% $170.88 2,269 17 Aug 2023 Direct
holding PLPC Common shares, $2 par value 752 17 Aug 2023 by 401k plan

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 $303,000 -5,000 -100% $60.60 0 17 Aug 2023 Common Shares, $2 par value 5,000 $60.60 Direct F1
holding PLPC Restricted stock units 1,012 17 Aug 2023 Common Shares, $2 par value 1,012 $0.000000 Direct F2, F3
holding PLPC Restricted stock units 1,338 17 Aug 2023 Common Shares, $2 par value 1,338 $0.000000 Direct F2, F3
holding PLPC Restricted stock units 1,000 17 Aug 2023 Common Shares, $2 par value 1,000 $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 December 27, 2019, the Reporting Person was granted 5,000 stock options, of which 2,500 will vest on December 27, 2020, 1,250 will vest on December 27, 2021, and the remaining 1,250 will vest on December 27, 2022. This transaction refers to the exercise of the 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.