PLPC.NASDAQPreformed Line Products CO

Form 4: Robert Ruhlman Reports Changes in Beneficial Ownership of Preformed Line Products Co. Shares

Sentiment:

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Executive Chairman Robert Ruhlman reports transactions involving Preformed Line Products Co. shares, including distributions from trusts and changes in beneficial ownership.

Summary

  • Robert Ruhlman, Executive Chairman of Preformed Line Products Co., filed a Form 4 detailing changes in his beneficial ownership of the company's common shares.
  • On December 28, 2022, the Ethel Peterson Trust distributed 100,113 shares to a trust benefiting Ruhlman and his children.
  • On August 16, 2023, Ruhlman and Randall M. Ruhlman became co-business advisors for the investment and voting of shares held by the 2008 Trust, totaling 604,213 shares.
  • On August 29, 2024, the 2008 Trust distributed 604,213 shares to Ruhlman.
  • Also on August 29, 2024, the 2008 IDGT Trust distributed 810,400 shares to its beneficiaries, including a trust for Ruhlman and his descendants, with Ruhlman as trustee.
  • These transactions reflect a shift from indirect to direct or indirect ownership due to trust distributions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership, which is common for corporate insiders.

Stakeholder Impact

  • The changes in beneficial ownership may be of interest to shareholders, but the transactions appear to be related to internal trust distributions and are unlikely to have a significant impact on the company's operations.

Key Dates

DateDescription
12/28/2022Ethel Peterson Trust distributed 100,113 shares to a trust benefiting Robert Ruhlman and his children.
08/16/2023Robert Ruhlman became co-business advisor for 604,213 shares held by the 2008 Trust.
08/29/2024The 2008 Trust distributed 604,213 shares to Robert Ruhlman.
08/29/2024The 2008 IDGT Trust distributed 810,400 shares to its beneficiaries.
08/30/2024Date of Robert G. Ruhlman's signature on the Form 4.

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