PLPC (PLPC) VP Olenik disposes 1,000 shares, holds RSU awards
Rhea-AI Filing Summary
PREFORMED LINE PRODUCTS CO officer John J. Olenik, VP-Research & Engineering, reported an internal share transaction. He disposed of 1,000 common shares back to the company in a disposition to issuer at $360.91 per share, leaving 6,506 common shares held directly.
Olenik also reported holdings of restricted stock units that convert into 441, 783, and 730 common shares, respectively. These restricted stock units vest three years from the date of grant, indicating additional potential future equity exposure beyond his current share ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,000 shares
Net Sell
4 txns
Insider
Olenik John J
Role
VP-Research & Engineering
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common shares, $2 par value | 1,000 | $360.91 | $361K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
Holdings After Transaction:
Common shares, $2 par value — 6,506 shares (Direct);
Restricted stock units — 1,954 shares (Direct)
Footnotes (1)
- F1. Restricted stock units vest 3 years from the date of grant.
Key Figures
Shares disposed to issuer: 1,000 shares
Disposition price per share: $360.91 per share
Shares held after transaction: 6,506 shares
+3 more
6 metrics
Shares disposed to issuer
1,000 shares
Disposition to issuer at $360.91 on 2026-06-10
Disposition price per share
$360.91 per share
Price for 1,000 common shares disposed to issuer
Shares held after transaction
6,506 shares
Direct common share ownership following disposition
RSUs underlying shares (grant 1)
441 shares
Restricted stock units vesting three years from grant
RSUs underlying shares (grant 2)
783 shares
Restricted stock units vesting three years from grant
RSUs underlying shares (grant 3)
730 shares
Restricted stock units vesting three years from grant
Key Terms
Restricted stock units, Disposition to issuer, Common shares, $2 par value, beneficial ownership
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.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
beneficial ownership financial
"transactionSummary includes netBuySellShares and ownership information"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PLPC executive John J. Olenik report?
John J. Olenik reported a disposition of 1,000 PLPC common shares back to the company. The transaction was coded as a “Disposition to issuer,” reflecting an internal share return rather than an open-market sale, at a reported price of $360.91 per share.
What restricted stock units does John J. Olenik hold in PLPC?
John J. Olenik holds restricted stock units tied to 441, 783, and 730 underlying PLPC common shares. These units represent potential future share delivery, subject to vesting conditions, and are separate from his directly owned common share holdings.
When do John J. Olenik’s PLPC restricted stock units vest?
The restricted stock units reported for John J. Olenik vest three years from their respective grant dates. This three-year vesting schedule governs when the underlying PLPC common shares associated with each restricted stock unit award may ultimately be delivered to him.