PREFORMED LINE PRODUCTS (PLPC) VP exercises options, returns 1,000 shares
Rhea-AI Filing Summary
PREFORMED LINE PRODUCTS CO executive Assaad A. Morcos, VP US Manufacturing, reported option-related transactions and equity awards. He exercised 1,000 common shares through employee stock options at $132.40 per share and then disposed of 1,000 common shares back to the issuer at $360.91 per share, leaving no directly held common shares from this exercise.
Following these transactions, he directly holds 3,750 employee stock options and restricted stock units covering 407 and 681 underlying common shares, which vest three years from the grant date. A prior grant on December 11, 2024 totaled 7,500 options with staged vesting through 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,000 shares exercised/converted
Exercise
5 txns
Insider
Morcos Assaad A
Role
VP, US Manufacturing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee stock option (right to buy) | 1,000 | $132.40 | $132K |
| Exercise | Common Shares, $2 par value per share | 1,000 | $132.40 | $132K |
| Disposition | Common Shares, $2 par value per share | 1,000 | $360.91 | $361K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
Holdings After Transaction:
Employee stock option (right to buy) — 3,750 shares (Direct);
Common Shares, $2 par value per share — 0 shares (Direct);
Restricted stock units — 1,088 shares (Direct)
Footnotes (2)
- F1. On December 11, 2024, the reporting person was granted 7,500 stock options, of which 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.
- F2. Restricted stock units vest 3 years from the date of grant.
Key Figures
Shares exercised: 1,000 shares
Exercise price: $132.40 per share
Disposition price to issuer: $360.91 per share
+4 more
7 metrics
Shares exercised
1,000 shares
Employee stock option exercise on 2026-06-10
Exercise price
$132.40 per share
Employee stock option (right to buy) conversion
Disposition price to issuer
$360.91 per share
1,000 common shares disposed to issuer on 2026-06-10
Options remaining
3,750 options
Employee stock option position following transaction
Original option grant
7,500 options
Granted on December 11, 2024 with staged vesting
RSU underlying shares
407 shares
Restricted stock units with 3-year vesting
Additional RSU underlying shares
681 shares
Restricted stock units with 3-year vesting
Key Terms
Restricted stock units, Employee stock option, Disposition to issuer, Vesting
4 terms
Restricted stock units financial
"Restricted stock units vest 3 years from the date of grant."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee stock option financial
"Employee stock option (right to buy) with a $132.4000 price."
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
Disposition to issuer financial
"Transaction code D is described as Disposition to issuer."
Vesting financial
"3,750 vested on December 11, 2025; later tranches will vest in 2026 and 2027."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Assaad A. Morcos report in this PLPC Form 4 filing?
Assaad A. Morcos reported an option exercise and related share disposition. He exercised 1,000 employee stock options, acquired 1,000 common shares, then disposed of 1,000 shares back to PREFORMED LINE PRODUCTS CO, plus updated his remaining option and RSU holdings.
What PREFORMED LINE PRODUCTS CO equity awards does Morcos hold after the transactions?
After the transactions, Morcos holds 3,750 employee stock options and restricted stock units linked to 407 and 681 underlying common shares. These RSUs vest three years from their respective grant dates, providing future share delivery if vesting conditions are met.
What is the vesting schedule of Morcos’s PREFORMED LINE PRODUCTS CO stock options?
On December 11, 2024, he was granted 7,500 stock options. Of these, 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, with a ten-year expiration.
How are Morcos’s restricted stock units in PREFORMED LINE PRODUCTS CO structured?
The filing states that his restricted stock units vest three years from the date of grant. Two RSU positions correspond to 407 and 681 underlying common shares, providing future share delivery once the three-year vesting period is satisfied for each grant.