Form 4: Preformed Line Products Executive Sells Shares and Holds Restricted Stock Units

Timothy O'Shaughnessy, VP of Human Resources at Preformed Line Products, sold 700 common shares at $130.34 each and holds restricted stock units.

Summary

• Timothy O'Shaughnessy, Vice President of Human Resources at Preformed Line Products, sold 700 common shares of the company at a price of $130.34 per share on November 20, 2024.
• Following the transaction, Mr. O'Shaughnessy directly owns 4,723 common shares.
• He also indirectly owns 92 common shares through a 401k plan.
• Mr. O'Shaughnessy holds 876, 1,447, and 1,058 restricted stock units, which vest three years from the date of grant.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. There is no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the Securities and Exchange Commission (SEC).
• The sale of shares by an executive is a common occurrence and does not necessarily indicate a negative outlook for the company.
• The vesting schedule of the restricted stock units is typical for executive compensation packages.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is generally considered a normal part of executive compensation.

Key Dates

Keywords

Form 4, insider trading, stock sale, restricted stock units, executive, Preformed Line Products, PLPC, share transaction