PLPC VP exercises 1,750 options, surrenders shares
PREFORMED LINE PRODUCTS CO vice president of US manufacturing Assaad A. Morcos reported a compensation-related stock transaction.
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Rhea-AI Filing Summary
PREFORMED LINE PRODUCTS CO vice president of US manufacturing Assaad A. Morcos reported a compensation-related stock transaction. He exercised employee stock options to acquire 1,750 common shares at $132.4000 per share, then disposed of those 1,750 common shares to the issuer at $260.3400 per share, leaving no directly held common shares after the transactions. He continues to hold restricted stock units that are deliverable in 681 and 407 underlying common shares, which vest three years from their grant dates. Footnotes explain that the original 7,500-option grant vests in tranches through December 2027 with a 10-year term.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee stock option (right to buy) | 1,750 | $132.40 | $232K |
| Exercise | Common Shares, $2 par value per share | 1,750 | $132.40 | $232K |
| Disposition | Common Shares, $2 par value per share | 1,750 | $260.34 | $456K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
Footnotes (2)
- F1. On December 11, 2024, the reporting person was granted 7,500 stock options, of which 3,750 vested on December 11, 2025, 1,875 will vest on December 11, 2026, and the remaining 1,875 will vest on December 11, 2027. The expiration date is 10 years from the grant date.
- F2. Restricted stock units vest 3 years from the date of grant.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PLPC executive Assaad A. Morcos report on this Form 4?
What stock options did the PLPC Form 4 say were exercised and at what price?
What vesting details were disclosed for Assaad A. Morcos’s PLPC equity awards?
What restricted stock units does the PLPC executive still hold after the transactions?
AI-generated analysis. How Rhea-AI works. Not financial advice.