PREFORMED LINE (PLPC) president disposes 1,000 shares, updates RSU and trust holdings
Rhea-AI Filing Summary
PREFORMED LINE PRODUCTS President Jon Ryan Ruhlman reported updates to his holdings in a Form 4. The filing shows a disposition of 1,000 common shares to the issuer at $360.68 per share, leaving 2,784 common shares held directly.
He also holds common shares indirectly, including 4,379 shares in a rabbi trust for a Deferred Compensation Plan, 650 shares in a Roth IRA, and 79 shares in a 401(k) plan. In addition, he has restricted stock units covering 1,380 and 1,386 underlying common shares, which vest three years from their respective grant dates.
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Insights
Filing shows a routine share disposition back to the issuer and updated holdings.
The Form 4 for PREFORMED LINE PRODUCTS President Jon Ryan Ruhlman records a code D transaction, a disposition to the issuer of 1,000 common shares at $360.68 per share. This is not an open-market sale, but a transfer of shares back to the company.
The filing also details his remaining equity exposure: 2,784 common shares held directly and additional indirect holdings through a rabbi trust, Roth IRA, and 401(k) plan. Two restricted stock unit awards, tied to 1,380 and 1,386 underlying common shares at an exercise price of $0.00, remain outstanding and vest three years from grant, indicating ongoing equity-based compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common shares, $2 par value | 1,000 | $360.68 | $361K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
Footnotes (1)
- F1. Restricted stock units vest 3 years from the date of grant.
Key Figures
Key Terms
Disposition to issuer financial
Restricted stock units financial
rabbi trust financial
Deferred Compensation Plan financial
Roth IRA financial
401(k) plan financial
AI-generated analysis. How Rhea-AI works. Not financial advice.