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

· 02/05/2021 12:13

05:05 PM EST, 02/05/2021 (MT Newswires) -- David C Sunkle, Director, exercised options/derivative securities for 4,505 shares of Preformed Line Products (PLPC) and sold 2,822 shares in the company for $195,254 to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 1,683 company shares. Following the Form 4 filing with the SEC, Sunkle controls 25,107 company shares of which 5,200 shares are held directly and 19,907 are owned indirectly. These holdings have an approximate market value of $1,736,149 as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 25 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 acquisition of 14,106 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/80035/000120919121008165/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.