Preformed Line Products (PLPC) Form 4: Director Gibbons Receives 117 Shares

Rhea-AI Filing Summary

Form 4 filing overview — Preformed Line Products Co. (PLPC)

Director Michael E. Gibbons reported one transaction dated 07/01/2025 under the company’s Directors Deferred Compensation Plan. Mr. Gibbons elected to defer 2025 director fees, causing the company to credit a rabbi trust with 117 common shares of PLPC at an acquisition price of $159.81 per share. Following the credit, the trust holds 14,608 shares on Mr. Gibbons’ behalf. A separate line shows 2,961 common shares with a disposition marker (D), but the filing does not provide a transaction date, price, or narrative for this item.

No derivative securities were reported, and there were no open-market purchases or sales by the director personally; the activity is entirely related to deferred compensation.

• The transaction is routine, non-cash and not likely to be materially impactful for shareholders.
• No earnings data, strategic developments, or changes in beneficial ownership percentages were disclosed.

Positive

• Insider share acquisition (117 shares) indicates continued participation in equity-based compensation, aligning director interests with shareholders.
• Timely Form 4 filing demonstrates PLPC’s compliance and transparency with Section 16 obligations.

Negative

• Transaction size is immaterial; 117 shares have negligible impact on ownership structure or market perception.
• Unclarified 2,961-share disposition creates minor disclosure ambiguity, though no price or date suggests limited relevance.

Insights

Financial Analyst

TL;DR – Routine deferred-comp transaction; negligible market impact.

The 117-share credit represents less than 1 % of daily PLPC volume and stems from a standard fee-deferral election, not insider sentiment. Total indirect holdings now stand at 14,608 shares, so ownership dilution or enhancement is immaterial. Because the shares reside in a rabbi trust, Mr. Gibbons cannot trade them freely, further limiting signaling value. The unlabeled 2,961-share disposition lacks context, preventing assessment. Overall, the filing does not change the investment thesis on PLPC.

Corporate Governance Expert

TL;DR – Compliance-driven disclosure, signals proper governance.

The company adheres to Section 16 reporting by promptly disclosing deferred-compensation share allocations. Use of a rabbi trust aligns with best practices, keeping plan assets unfunded and subject to creditor risk, thereby avoiding constructive receipt for the director. No red flags emerge; however, the unexplained 2,961-share ‘D’ line would benefit from clarification in future filings.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider GIBBONS MICHAEL E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common shares, $2 par value	117	$159.81	$19K
holding	Common shares, $2 par value	--	--	--

Holdings After Transaction: Common shares, $2 par value — 14,608 shares (Indirect, by rabbi trust for Deferred Compensation Plan); Common shares, $2 par value — 2,961 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GIBBONS MICHAEL E

(Last) (First) (Middle)

600 BETA DRIVE

(Street)

MAYFIELD VILLAGE OH 44143

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PREFORMED LINE PRODUCTS CO [ PLPC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common shares, $2 par value	07/01/2025		A		117	A	$159.81	14,608	I	by rabbi trust for Deferred Compensation Plan(1)
Common shares, $2 par value								2,961	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents Company common shares held by a Rabbi Trust pursuant to the Reporting Person's election to defer 2025 directors' fees under the Company's Directors Deferred Compensation Plan (the "Plan"). Deferred amounts under the Plan shall be paid to the Reporting Person in a distribution of Company common shares.

Remarks:

	/s/ Caroline S. Vaccariello, by power of attorney	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many PLPC shares did Director Michael E. Gibbons acquire?

117 common shares were credited to a rabbi trust on 07/01/2025 under the Deferred Compensation Plan.

At what price were the shares recorded in the Form 4?

The filing lists an acquisition price of $159.81 per share.

Does this Form 4 indicate an open-market purchase by the director?

No. The shares were issued through a deferred compensation mechanism, not bought on the open market.

What is the director’s total indirect holding after the transaction?

The rabbi trust now holds 14,608 PLPC shares for Mr. Gibbons.

Is the 2,961-share ‘D’ line a sale of PLPC stock?

The filing labels 2,961 shares with code ‘D’, but no date or price is provided, so the nature of this entry is unclear from the document.