Preformed Line Products (PLPC) VP granted stock, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Olenik John J
Role
VP-Research & Engineering
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 441 | $0.00 | -- |
| Grant/Award | Common shares, $2 par value | 1,160 | $0.00 | -- |
| Tax Withholding | Common shares, $2 par value | 987 | $245.42 | $242K |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
Holdings After Transaction:
Restricted stock units — 441 shares (Direct);
Common shares, $2 par value — 8,493 shares (Direct);
Common shares, $2 par value — 752 shares (Indirect, by 401(k) 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 457 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 activity did PLPC executive John J. Olenik report?
John J. Olenik, VP-Research & Engineering at PLPC, reported performance-based restricted stock units vesting into 1,160 common shares at $0 and a 441-unit new RSU grant. He also reported a tax-withholding transaction and updated direct and 401(k) share holdings as of February 4, 2026.
What restricted stock unit grants does PLPC’s VP-Research & Engineering hold?
On February 4, 2026, John J. Olenik received 441 new restricted stock units that convert into common shares one-for-one. He also continued to hold existing RSU awards of 730 and 783 units, which vest three years from their respective grant dates under the company’s equity program.
How do PLPC restricted stock units held by John J. Olenik convert and vest?
The filing states PLPC restricted stock units convert into common shares on a one-for-one basis. Some units vest based on achievement of performance goals, while a footnote clarifies RSUs generally vest three years from the grant date, after which they settle into common shares.
What role does John J. Olenik hold at Preformed Line Products (PLPC)?
John J. Olenik is identified as an officer of Preformed Line Products with the title VP-Research & Engineering. The Form 4 confirms he is not a director or 10% owner, and the reported transactions reflect his equity compensation and related tax-withholding activity on February 4, 2026.