Preformed Line (PLPC) CEO awarded shares, with some withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Preformed Line Products CEO Dennis F. McKenna reported equity compensation changes dated February 4, 2026. He acquired 2,677 common shares at $0 per share, reflecting vested performance-based restricted stock units that convert into common stock on a one-for-one basis.
To cover tax withholding on a prior vesting that occurred on December 31, 2025, 2,223 shares were disposed of at $245.42 per share. After these transactions, McKenna directly holds 7,887 common shares, plus 24,535 common shares held indirectly by a rabbi trust for the Deferred Compensation Plan and 2,308 restricted stock units that generally vest three years from grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
McKenna Dennis F
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common shares, $2 par value | 2,677 | $0.00 | -- |
| Tax Withholding | Common shares, $2 par value | 2,223 | $245.42 | $546K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
Holdings After Transaction:
Common shares, $2 par value — 10,110 shares (Direct);
Restricted stock units — 2,308 shares (Direct);
Common shares, $2 par value — 24,535 shares (Indirect, by rabbi trust for Deferred Compensation Plan)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis, based on the achievement of performance goals. This transaction includes the payment of 1,029 shares to cover the tax withholding for the vesting that occurred on December 31, 2025 with settlement not occurring until February 4, 2026. Restricted stock units vest 3 years from the date of grant.
FAQ
What insider transactions did PLPC CEO Dennis F. McKenna report on February 4, 2026?
Dennis F. McKenna reported acquiring 2,677 Preformed Line Products common shares at $0 per share from performance-based restricted stock units. He also disposed of 2,223 shares at $245.42 per share to satisfy tax withholding obligations tied to a prior vesting event.
What restricted stock unit (RSU) holdings does the PLPC CEO report on this Form 4?
Dennis F. McKenna reports holding 2,308 restricted stock units that convert into common shares on a one-for-one basis. According to the disclosure, these RSUs generally vest three years from the date of grant, based on achievement of performance goals.