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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 12:14

05:04 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Jon Ryan Ruhlman, Director and V.P.-Marketing & Bus. Develop., exercised options/derivative securities for 3,519 shares of Preformed Line Products (PLPC) and sold 2,186 shares in the company for $151,249 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 1,333 company shares. Ruhlman controls 8,475 company shares of which 7,746 shares are owned directly and 729 shares indirectly following the transactions detailed in the Form 4 SEC filing. These holdings have an approximate market value of $586,046 as of the prior-day closing price.

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 that resulted in the net acquisition of 659 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/80035/000120919121008164/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.