Preformed Line (PLPC) EVP disposes 3,446 shares back to company
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Preformed Line Products Executive Vice President John M. Hofstetter has returned shares to the company. On this Form 4, he disposed of 3,446 common shares of Preformed Line Products Co. back to the issuer at $358.45 per share, leaving him with no directly held common shares after the transaction.
He continues to have indirect exposure through 532 common shares held by a rabbi trust for a Deferred Compensation Plan and holds several grants of restricted stock units tied to common shares. These restricted stock units vest three years from their respective grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Hofstetter John M
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common shares, $2 par value | 3,446 | $358.45 | $1.24M |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
Holdings After Transaction:
Common shares, $2 par value — 0 shares (Direct, null);
Restricted stock units — 1,015 shares (Direct, null);
Common shares, $2 par value — 532 shares (Indirect, by rabbi trust for Deferred Compensation Plan)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed to issuer: 3,446 shares
Disposition price: $358.45 per share
Direct common shares after transaction: 0 shares
+4 more
7 metrics
Shares disposed to issuer
3,446 shares
Common shares, disposition to issuer on 2026-06-08
Disposition price
$358.45 per share
Price per common share in issuer disposition
Direct common shares after transaction
0 shares
Total directly held common shares following disposition
Indirect common shares via rabbi trust
532 shares
Held by rabbi trust for Deferred Compensation Plan
RSUs underlying shares block 1
591 underlying shares
Restricted stock units tied to common shares
RSUs underlying shares block 2
1,088 underlying shares
Restricted stock units tied to common shares
RSUs underlying shares block 3
1,015 underlying shares
Restricted stock units tied to common shares
Key Terms
Restricted stock units, rabbi trust, Deferred Compensation Plan, Disposition to issuer, +1 more
5 terms
Restricted stock units financial
"security_title: Restricted stock units; underlying security is common shares, $2 par value"
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.
rabbi trust financial
"nature_of_ownership: by rabbi trust for Deferred Compensation Plan"
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
Deferred Compensation Plan financial
"nature_of_ownership: by rabbi trust for Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Disposition to issuer financial
"transaction_code_description: Disposition to issuer for 3,446 common shares"
vest 3 years from the date of grant financial
"footnote: Restricted stock units vest 3 years from the date of grant."
FAQ
What insider transaction did PLPC Executive Vice President John M. Hofstetter report?
John M. Hofstetter reported a disposition of common shares back to Preformed Line Products. He returned 3,446 common shares to the issuer at a price of $358.45 per share, a non‑market transaction coded as a disposition to the issuer.
What restricted stock units in PLPC does John M. Hofstetter report holding?
He reports three blocks of restricted stock units. These cover underlying common shares in amounts of 591, 1,088, and 1,015, all held directly. Each block represents rights to receive PLPC common shares, subject to vesting and other plan conditions.
When do John M. Hofstetter’s PLPC restricted stock units vest?
The footnote states that the restricted stock units vest three years from their respective grant dates. This means each award becomes deliverable in common shares after a three‑year service period, consistent with typical long‑term equity incentive structures.
What does the Form 4 transaction code D mean for PLPC’s John M. Hofstetter?
Code D on the Form 4 indicates a disposition to the issuer. In this case, it means Hofstetter returned 3,446 PLPC common shares to Preformed Line Products Co., rather than selling them in the open market to other investors.