Preformed Line Products (PLPC) director receives 18,000-share gift via trust
Rhea-AI Filing Summary
CROSS MAEGAN ADAMS RUHLMAN reported acquisition or exercise transactions in this Form 4 filing.
Maegan Adams Ruhlman Cross, a director of Preformed Line Products, reported receiving 18,000 common shares on June 9, 2026 as a bona fide gift. The shares are held indirectly in a generation-skipping trust she trustees. She also holds 5,972 shares directly and 509 shares indirectly via an IRA after the report.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 18,000 shares
Net Buy
3 txns
Insider
CROSS MAEGAN ADAMS RUHLMAN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Shares, $2 par value per share F1 | 18,000 | $0.00 | $0.00 |
| holding | Common shares, $2 par value | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
Holdings After Transaction:
Common Shares, $2 par value per share — 18,000 shares (Indirect, by Trust);
Common shares, $2 par value — 5,972 shares (Direct);
Common shares, $2 par value — 509 shares (Indirect, by IRA)
Footnotes (1)
- F1. On June 9, 2026, the reported shares were transferred as a bona fide gift to the Maegan Adams Ruhlman Cross 2025 Generation-Skipping Trust for the benefit of the reporting person and her descendants. Maegan Adams Ruhlman Cross is the Trustee of such trust.
Key Figures
Gifted shares: 18,000 shares
Indirect holdings via trust: 18,000 shares
Direct holdings: 5,972 shares
+2 more
5 metrics
Gifted shares
18,000 shares
Bona fide gift of common shares on 2026-06-09
Indirect holdings via trust
18,000 shares
Common shares held indirectly by Generation-Skipping Trust after 2026-06-09
Direct holdings
5,972 shares
Common shares held directly after transactions dated 2026-06-09
IRA holdings
509 shares
Common shares held indirectly via IRA after 2026-06-09
Transaction price per share
$0.00
Reported per-share price for the 18,000-share bona fide gift
Key Terms
bona fide gift, Generation-Skipping Trust, IRA
3 terms
bona fide gift financial
"the reported shares were transferred as a bona fide gift to the Maegan"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Generation-Skipping Trust financial
"the Maegan Adams Ruhlman Cross 2025 Generation-Skipping Trust for the benefit"
IRA financial
"Common shares, $2 par value held indirectly by IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PLPC director Maegan Adams Ruhlman Cross report?
Maegan Adams Ruhlman Cross reported receiving 18,000 common shares of Preformed Line Products as a bona fide gift on June 9, 2026. The gifted shares are held indirectly in a generation-skipping trust for her benefit and that of her descendants, where she serves as trustee.
Was the PLPC insider transaction reported under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and the footnote describes the transfer as a bona fide gift to a family trust. There is no indication that this gift was executed under a Rule 10b5-1 trading arrangement.