John M. Hofstetter - 03 Jan 2023 Form 4 Insider Report for PREFORMED LINE PRODUCTS CO (PLPC)

Role
Executive Vice President
Signature
/s/ Caroline S. Vaccariello, by power of attorney
Issuer symbol
PLPC
Transactions as of
03 Jan 2023
Net transactions value
-$187,555
Form type
4
Filing time
06 Jan 2025, 15:21:51 UTC
Previous filing
15 Sep 2022
Next filing
10 Feb 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 Tax liability $66,035 -762 -7.5% $86.66 9,451 03 Jan 2023 Direct F1
transaction PLPC Common shares, $2 par value Options Exercise $0 +1,911 +20% $0.000000 11,531 02 Jan 2025 Direct F2
transaction PLPC Common shares, $2 par value Tax liability $121,520 -927 -8% $131.09 10,604 02 Jan 2025 Direct
holding PLPC Common shares, $2 par value 1,110 03 Jan 2023 by 401(k) plan
holding PLPC Common shares, $2 par value 532 03 Jan 2023 by rabbi trust for Deferred Compensation 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 Restricted stock units Options Exercise $0 +1,911 $0.000000 0 02 Jan 2025 Common shares, $2 par value 1,911 $0.000000 Direct F3
holding PLPC Restricted stock units 1,462 03 Jan 2023 Common shares, $2 par value 1,462 $0.000000 Direct F4
holding PLPC Restricted stock units 1,088 03 Jan 2023 Common shares, $2 par value 1,088 $0.000000 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person's Forms 4 filed on and after January 5, 2023 inadvertently overreported the number of common shares directly owned by 762 shares because the reporting person's disposal of 762 common shares to the Company for tax obligations on January 3, 2023 was not previously reported.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 On February 3, 2022, the reporting person was granted 1,911 service based restricted stock units, which vested in full on December 31, 2024, and were settled in common shares on January 2, 2025.
F4 Restricted stock units vest 3 years from the date of grant.