Form 4: Preformed Line Products CEO Dennis McKenna Reports Stock Transactions
SEC Form 4 Filing
CEO Dennis McKenna reports acquisition and disposal of Preformed Line Products shares on February 5, 2025, according to a Form 4 filing.
Summary
- On February 5, 2025, Dennis McKenna, CEO of Preformed Line Products, reported transactions involving the company's common stock.
- McKenna acquired 6,280 common shares upon conversion of restricted stock units at a price of $0.
- He also disposed of 2,817 common shares at a price of $134.64.
- Following these transactions, McKenna directly owns 9,029 common shares.
- Additionally, he indirectly owns 24,535 shares through a rabbi trust for a deferred compensation plan and 1,987 shares through a 401k plan.
- McKenna also holds 2,308 restricted stock units that vest 3 years from the date of grant.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, as they provide insight into the CEO's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of stock acquisition and disposal transactions. |
| 02/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, stock transaction, Dennis McKenna, Preformed Line Products, PLPC, CEO, common stock, restricted stock units
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