Preformed Line Products (PLPC) VP disposes 750 shares back to issuer
Rhea-AI Filing Summary
Preformed Line Products VP of Human Resources Timothy O'Shaughnessy reported an insider transaction involving company stock. He disposed of 750 common shares back to the issuer at $360.91 per share, and now holds 3,250 common shares directly, plus 92 shares indirectly through a 401(k) plan and 2,186 restricted stock units that vest three years from their grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 750 shares
Net Sell
5 txns
Insider
O'Shaughnessy Timothy
Role
V.P. Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common shares, $2 par value | 750 | $360.91 | $271K |
| 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 — 3,250 shares (Direct);
Restricted stock units — 2,186 shares (Direct);
Common shares, $2 par value — 92 shares (Indirect, by 401(k) plan)
Footnotes (1)
- F1. Restricted stock units vest 3 years from the date of grant.
Key Figures
Shares disposed to issuer: 750 shares
Disposition price: $360.91 per share
Common shares after transaction: 3,250 shares
+4 more
7 metrics
Shares disposed to issuer
750 shares
Common shares at $360.91 under transaction code D
Disposition price
$360.91 per share
Price for 750 common shares disposed to issuer
Common shares after transaction
3,250 shares
Directly held common shares following disposition
Indirect 401(k) holdings
92 shares
Common shares held indirectly via 401(k) plan
RSUs block 1
493 underlying shares
Restricted stock units vesting three years from grant
RSUs block 2
876 underlying shares
Restricted stock units vesting three years from grant
RSUs block 3
817 underlying shares
Restricted stock units vesting three years from grant
Key Terms
Disposition to issuer, Restricted stock units, 401(k) plan, V.P. Human Resources
4 terms
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer" for 750 common shares"
Restricted stock units financial
"security_title: "Restricted stock units" with underlying common shares"
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.
401(k) plan financial
"nature_of_ownership: "by 401(k) plan" for 92 common shares"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
V.P. Human Resources financial
"officer_title: "V.P. Human Resources" for Timothy O'Shaughnessy"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PLPC executive Timothy O'Shaughnessy report?
Timothy O'Shaughnessy reported disposing of 750 common shares of Preformed Line Products back to the issuer at $360.91 per share. This disposition was coded as a transfer to the company rather than an open-market sale.
What restricted stock units does PLPC’s Timothy O'Shaughnessy report holding?
Timothy O'Shaughnessy reports three blocks of restricted stock units covering 493, 876, and 817 underlying common shares. These restricted stock units vest three years from their respective grant dates, as indicated in the filing footnote.
What indirect PLPC holdings does Timothy O'Shaughnessy report?
The filing shows Timothy O'Shaughnessy holds 92 common shares of Preformed Line Products indirectly through a 401(k) plan. This is in addition to his directly held common shares and restricted stock unit awards.