PLPC VP receives stock, withholds shares for tax
Preformed Line Products VP-Research & Engineering John J. Olenik reported equity compensation transactions dated 02/04/2026.
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Rhea-AI Filing Summary
Preformed Line Products VP-Research & Engineering John J. Olenik reported equity compensation transactions dated 02/04/2026. He acquired 1,160 common shares at $0 upon restricted stock units vesting tied to performance goals, then had 987 shares withheld at $245.42 to cover related taxes.
After these moves, he directly owned 7,506 common shares and 752 common shares indirectly through a 401(k) plan. Olenik was also granted 441 new restricted stock units at $0, which, like his existing 730 and 783-unit awards, convert into common shares on a one-for-one basis and vest three years from the grant date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 441 | $0.00 | $0.00 |
| Grant/Award | Common shares, $2 par value | 1,160 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common shares, $2 par value | 987 | $245.42 | $242K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
Footnotes (4)
- F1. Restricted stock units convert into common stock on a one-for-one basis, based on the achievement of performance goals.
- F2. This transaction includes the payment of 457 shares to cover the tax withholding for the vesting that occurred on December 31, 2025 with settlement not occurring until February 4, 2026.
- F3. Restricted stock units convert into common stock on a one-for-one basis.
- F4. 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 activity did PLPC executive John J. Olenik report?
What restricted stock unit grants does PLPC’s VP-Research & Engineering hold?
How do PLPC restricted stock units held by John J. Olenik convert and vest?
What role does John J. Olenik hold at Preformed Line Products (PLPC)?
AI-generated analysis. How Rhea-AI works. Not financial advice.