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Insider Trends: Preformed Line Products Insider Converts Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

· 02/05/2021 12:12

05:04 PM EST, 02/05/2021 (MT Newswires) -- Robert G Ruhlman, 10% Owner, Director and President - CEO, exercised options/derivative securities for 30,501 shares of Preformed Line Products (PLPC) and sold 13,575 shares in the company for $939,254 to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 16,926 company shares. Ruhlman, subsequent to the transactions designated in the SEC Form 4 filing, has control over 1,187,089 shares of the company of which 40,650 shares are held directly and 1,146,439 shares are controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $82.09 million.

During the most recent 90-day period, previous to the date of this filing, there have been 19 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 5,471 company shares. Relative to the preceding 90-day window of time, there were 4 transactions from 3 insiders and resulted in the net acquisition of 659 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/80035/000120919121008163/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.