PLPC CFO disposes 635 shares back to issuer
PREFORMED LINE PRODUCTS CFO Andrew S. Klaus reported a routine share disposition.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
PREFORMED LINE PRODUCTS CFO Andrew S. Klaus reported a routine share disposition. On this Form 4, he returned 635 common shares of $2 par value to the company at $362.22 per share, leaving 13,918 common shares held directly.
He also has 4,947 common shares held indirectly through a rabbi trust for a Deferred Compensation Plan. In addition, he holds restricted stock units that will convert into 693, 1,221 and 1,139 common shares, which vest three years from their respective grant dates.
Insider Trade Summary
Disposition: 635 shares
Disposition
5 txns
Insider
Klaus Andrew S
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common shares, $2 par value | 635 | $362.22 | $230K |
| 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 — 13,918 shares (Direct);
Restricted stock units — 3,053 contracts (Direct);
Common shares, $2 par value — 4,947 shares (Indirect, by rabbi trust for Deferred Compensation Plan)
Footnotes (1)
- F1. Restricted stock units vest 3 years from the date of grant.
Key Figures
Shares disposed to issuer: 635 shares
Disposition price: $362.22 per share
Direct common shares after transaction: 13,918 shares
+4 more
7 metrics
Shares disposed to issuer
635 shares
Common shares, disposition to issuer at $362.22
Disposition price
$362.22 per share
Price for 635 common shares returned to issuer
Direct common shares after transaction
13,918 shares
Common shares held directly following disposition
Indirect common shares via rabbi trust
4,947 shares
Held by rabbi trust for Deferred Compensation Plan
RSUs underlying shares (grant 1)
693 shares
Restricted stock units, vest 3 years from grant
RSUs underlying shares (grant 2)
1,221 shares
Restricted stock units, vest 3 years from grant
RSUs underlying shares (grant 3)
1,139 shares
Restricted stock units, vest 3 years from grant
Key Terms
Restricted stock units, rabbi trust, Deferred Compensation Plan, Disposition to issuer
4 terms
Restricted stock units financial
"Restricted stock units vest 3 years from the date of grant."
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.
rabbi trust financial
"by rabbi trust for Deferred Compensation Plan"
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
Deferred Compensation Plan financial
"by rabbi trust for Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer" for 635 common shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PREFORMED LINE PRODUCTS (PLPC) disclose for its CFO?
PREFORMED LINE PRODUCTS CFO Andrew S. Klaus reported a disposition of 635 common shares back to the company at $362.22 per share. This was coded as a “disposition to issuer,” not an open-market sale, and is presented as a routine ownership adjustment.
What restricted stock units does the PREFORMED LINE PRODUCTS (PLPC) CFO currently hold?
The CFO holds restricted stock units that correspond to 693, 1,221 and 1,139 underlying common shares. According to the disclosure, these restricted stock units vest three years from their respective grant dates, providing additional future equity exposure beyond current common share holdings.
How are the PREFORMED LINE PRODUCTS (PLPC) CFO’s indirect holdings structured?
The Form 4 shows 4,947 common shares held indirectly “by rabbi trust for Deferred Compensation Plan.” This means the shares are owned through a trust established for deferred compensation purposes, rather than being held directly in the executive’s personal brokerage account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
