CFO of Preformed Line Products (PLPC) logs awards and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Preformed Line Products CFO Klaus Andrew S reported several equity compensation transactions dated February 4, 2026. He acquired 1,785 common shares at $0 from vested restricted stock units and had 1,496 common shares withheld at $245.42 to cover taxes on a prior vesting.
He also received a new grant of 693 restricted stock units, which convert into common shares on a one-for-one basis and vest three years from grant. After these transactions, he held 16,918 common shares directly, plus additional indirect common share holdings and multiple restricted stock unit positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Klaus Andrew S
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 693 | $0.00 | -- |
| Grant/Award | Common shares, $2 par value | 1,785 | $0.00 | -- |
| Tax Withholding | Common shares, $2 par value | 1,496 | $245.42 | $367K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
Holdings After Transaction:
Restricted stock units — 693 shares (Direct);
Common shares, $2 par value — 18,414 shares (Direct);
Common shares, $2 par value — 4,947 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 693 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 convert into common stock on a one-for-one basis. Restricted stock units vest 3 years from the date of grant.
FAQ
What insider transactions did PLPC CFO Klaus Andrew S report on February 4, 2026?
He reported equity-related transactions on February 4, 2026. These included acquiring 1,785 common shares at $0 from vested restricted stock units and 1,496 common shares withheld at $245.42 to cover tax obligations tied to a previous vesting event.
What restricted stock unit (RSU) grants for PLPC were disclosed for the CFO?
The Form 4 shows a new grant of 693 restricted stock units on February 4, 2026. These RSUs convert into common shares on a one-for-one basis and vest three years from the grant date, adding to his existing RSU holdings reported in the filing.
How are PLPC restricted stock units described in the CFO’s Form 4 filing?
Restricted stock units are described as converting into common stock on a one-for-one basis. Some RSUs depend on achieving performance goals, and footnotes state that the units generally vest three years from the grant date before settling into common shares.