Form 4: Preformed Line Products Director Michael Gibbons Acquires Shares

Director Michael Gibbons acquired 134 shares of Preformed Line Products Co. at $140.09 per share on April 1, 2025.

Summary

• On April 1, 2025, Michael E. Gibbons, a director of Preformed Line Products Co. (PLPC), acquired 134 common shares at a price of $140.09 per share.
• Following the transaction, Gibbons directly owns 2,961 common shares and indirectly owns 14,491 shares through a rabbi trust for the Deferred Compensation Plan.
• The shares acquired are related to deferred director's fees under the company's Directors Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a director's share acquisition, indicating a neutral sentiment.

Positives

• Director's acquisition of shares may signal confidence in the company's future performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) trade in their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The acquisition of shares by a director could positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Michael Gibbons, Preformed Line Products, PLPC, Share Acquisition, Deferred Compensation Plan, Rabbi Trust