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Insider Trends: Preformed Line Products Insider Converts Option/Derivative Security to Acquire Stock, Makes Tax Sale, Selling Trend Intact

· 02/05/2021 09:35

02:33 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, William H Haag III, V.P.-International Operations, exercised options/derivative securities for 4,324 shares of Preformed Line Products (PLPC) and sold 2,749 shares in the company for $190,203 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 1,575 company shares. Following the Form 4 filing with the SEC, Haag has control over 37,627 company shares of which 11,208 shares are held directly and 26,419 are controlled indirectly. These holdings have an approximate market value of $2,601,907 as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 15 insider transactions reported to the SEC for Preformed Line Products. These transactions came from the activities of 13 individual insiders that resulted in a net disposition of 9,344 company shares. Relative to the preceding 90-day window of time, there were 4 transactions from 3 insiders which resulted in the net acquisition of 659 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/80035/000120919121008050/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.