Preformed Line Products (PLPC) logs 60,000-share transfer to family trust
Rhea-AI Filing Summary
Preformed Line Products’ executive chairman reported an internal transfer of 60,000 common shares. On December 10, 2025, the reporting person’s spouse transferred 60,000 common shares for no consideration to the Ruhlman 2025 Spousal Dynasty Trust, where the executive chairman serves as trustee. The move is recorded as a disposition by the spouse and an acquisition by the trust, both at a stated price of $0 per share.
After these transactions, the executive chairman beneficially owns PLPC common shares through a mix of direct and indirect holdings, including 280,711 shares held directly, 40,500 shares held by a spouse, 60,000 shares held by the Ruhlman 2025 Spousal Dynasty Trust, smaller positions in a Roth IRA and 401(k) plan, and additional trust and deferred compensation plan accounts.
Positive
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Negative
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FAQ
What insider transaction did Preformed Line Products (PLPC) disclose in this filing?
The executive chairman reported that on December 10, 2025, the reporting person’s spouse transferred 60,000 common shares for no consideration to the Ruhlman 2025 Spousal Dynasty Trust, and the trust is shown acquiring the same 60,000 shares on December 11, 2025.
Did the PLPC insider transaction involve any cash consideration?
No cash changed hands in this move. The filing describes the 60,000-share transfer from the spouse to the Ruhlman 2025 Spousal Dynasty Trust as occurring for no consideration, indicating it is an internal reallocation rather than a market sale.
What is the reporting person’s relationship to Preformed Line Products (PLPC)?
The reporting person is identified as a Director, 10% Owner, and Officer of Preformed Line Products, serving specifically as Executive Chairman.
How many PLPC shares does the executive chairman hold directly after the reported transaction?
Following the reported transactions, the executive chairman is shown as directly holding 280,711 PLPC common shares, in addition to several indirect positions through spouse, trusts, retirement accounts, and deferred compensation arrangements.
What indirect PLPC shareholdings are reported for the executive chairman?
Indirect holdings include 40,500 common shares held by a spouse, 60,000 shares held by the Ruhlman 2025 Spousal Dynasty Trust, 574.71 shares in a Roth IRA, 6,272.18 shares in a 401(k) plan, and additional blocks of 134,769, 156,648, 137,411, and 405,200 common shares held through various trusts and a rabbi trust.
Does this PLPC insider filing indicate a sale of shares into the open market?
The reported movement of 60,000 common shares is described as a transfer for no consideration from the spouse to a family trust. The transaction is characterized as an internal reallocation of beneficial ownership rather than a market sale.