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Insider Trends: Insider at Preformed Line Products Acquires Stock Via Option/Derivative Security, Sells Portion to Pay Tax, Selling Trend Continues

· 02/05/2021 12:11

05:03 PM EST, 02/05/2021 (MT Newswires) -- Dennis F McKenna, COO Marketing & Sales, exercised options/derivative securities for 5,631 shares of Preformed Line Products (PLPC) and sold 3,333 shares in the company for $230,610 to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 2,298 company shares. McKenna controls 35,888 shares of the company of which 9,366 shares are owned directly and 26,522 shares indirectly following the transactions delineated in the Form 4 SEC filing. These holdings have an approximate market value of $2,481,655 as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 17 insider transactions reported to the SEC for Preformed Line Products. These transactions came from the activities of 13 different insiders that resulted in a net disposition of 7,769 company shares. Relative to the preceding 90-day window of time, there were 4 transactions from 3 insiders that resulted in the net acquisition of 659 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/80035/000120919121008158/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.