Form 4: Preformed Line Products Executive Timothy O'Shaughnessy Reports Stock Transactions
SEC Form 4 Filing
Timothy O'Shaughnessy, VP of Human Resources at Preformed Line Products, reported the acquisition of 1,447 common shares and the disposal of 719 common shares on January 2, 2025, related to the vesting of restricted stock units.
Summary
- Timothy O'Shaughnessy, a Vice President at Preformed Line Products, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On January 2, 2025, Mr. O'Shaughnessy acquired 1,447 common shares through the vesting of restricted stock units.
- Also on January 2, 2025, 719 common shares were disposed of at a price of $131.09 per share.
- Following these transactions, Mr. O'Shaughnessy directly owns 5,451 common shares and indirectly owns 92 shares through a 401(k) plan.
- The restricted stock units were granted on February 3, 2022, vested on December 31, 2024, and were settled in common shares on January 2, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, which is neither positive nor negative in itself.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and aligns with regulatory requirements.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The transactions reported are typical for executives receiving stock-based compensation, such as restricted stock units.
- The vesting schedule of the restricted stock units, with a three-year vesting period, is a common practice in executive compensation packages.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
- The filing provides transparency to stakeholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/03/2022 | Date the reporting person was granted 1,447 service based restricted stock units. |
| 12/31/2024 | Date the restricted stock units vested in full. |
| 01/02/2025 | Date of the reported stock transactions, including acquisition of shares from vested restricted stock units and disposal of shares. |
| 01/06/2025 | Date the Form 4 was signed. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Preformed Line Products, PLPC, Executive Compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.