Preformed Line (NASDAQ: PLPC) VP disposes 1,244 shares back to company
Rhea-AI Filing Summary
Preformed Line Products' vice president of human resources, Timothy O'Shaughnessy, disposed of 1,244 common shares back to the company at $260.34 per share. After this disposition to the issuer, he holds 4,000 common shares directly.
He also has indirect ownership of 92 common shares through a 401(k) plan. In addition, he holds several restricted stock unit awards that are tied to common shares, with underlying amounts of 817, 876, and 493 shares. These restricted stock units vest three years from their respective grant dates, providing potential future share delivery.
Positive
- None.
Negative
- None.
Insights
Routine issuer disposition with meaningful remaining equity stake.
The filing shows Timothy O'Shaughnessy, a vice president at Preformed Line Products, disposing of 1,244 common shares to the issuer at $260.34 per share. This is coded as a disposition to the company rather than an open-market sale, which often reflects administrative or compensation-related activity.
Following the transaction, he still holds 4,000 common shares directly plus 92 shares via a 401(k) plan, indicating an ongoing equity stake. He also retains three restricted stock unit awards linked to 817, 876, and 493 underlying shares, which vest three years from grant. These unvested awards suggest continuing alignment with long-term company performance, and the overall picture is consistent with routine executive equity management.
FAQ
What did PLPC executive Timothy O'Shaughnessy do in this Form 4 filing?
How many PLPC shares does Timothy O'Shaughnessy hold after the transaction?
At what price were Timothy O'Shaughnessy’s PLPC shares disposed of to the issuer?
What restricted stock units does Timothy O'Shaughnessy hold in PLPC?
When do Timothy O'Shaughnessy’s PLPC restricted stock units vest?
Does this PLPC Form 4 show any open-market buying or selling by Timothy O'Shaughnessy?