Preformed Line Products (PLPC) officer exercises options, exits shares
Rhea-AI Filing Summary
Preformed Line Products reported an insider equity transaction by an officer who serves as VP, US Manufacturing. On 12/12/2025, the officer exercised employee stock options to acquire 1,000 common shares at $132.4 per share and disposed of 1,000 common shares at $207.23 per share, resulting in no directly held common shares after the transactions.
After these transactions, the officer held 6,500 employee stock options with a $132.4 exercise price and 681 restricted stock units. The options relate to a 7,500-option grant on December 11, 2024, of which 3,750 vested on December 11, 2025, with additional tranches of 1,875 vesting on December 11, 2026, and 1,875 on December 11, 2027. The options expire 10 years from the grant date, and the restricted stock units vest three years from their grant dates.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did PLPC disclose for its VP, US Manufacturing?
The disclosure shows that a Preformed Line Products officer serving as VP, US Manufacturing exercised employee stock options for 1,000 common shares at $132.4 and disposed of 1,000 common shares at $207.23 on 12/12/2025.
How many PLPC shares did the officer own after the reported transaction?
Following the reported transactions, the officer directly owned 0 common shares, while still holding 6,500 employee stock options and 681 restricted stock units.
What stock options does the PLPC officer hold after the 12/12/2025 transactions?
The officer holds 6,500 employee stock options with a $132.4 exercise price, relating to a 7,500-option grant made on December 11, 2024.
What is the vesting schedule of the 7,500 PLPC stock options granted on December 11, 2024?
Of the 7,500 options granted on December 11, 2024, 3,750 vested on December 11, 2025, 1,875 will vest on December 11, 2026, and the remaining 1,875 will vest on December 11, 2027. The expiration date is 10 years from the grant date.
How do the PLPC restricted stock units for this officer vest?
The disclosure states that the officer holds 681 restricted stock units tied to PLPC common shares and that these restricted stock units vest 3 years from their respective grant dates.
What types of PLPC securities are reported in this insider transaction?
The report covers common shares of Preformed Line Products, employee stock options (rights to buy common shares at $132.4), and restricted stock units representing 681 common shares.