Insider Trends: Preformed Line Products Insider Converts Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact
06:45 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, John M Hofstetter, V.P. - Global Communications, exercised options/derivative securities for 3,519 shares of Preformed Line Products (PLPC) and sold 2,122 shares in the company for $146,821 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 1,397 company shares. Hofstetter, subsequent to the transactions detailed in the SEC Form 4 filing, has control over 12,042 shares of the company of which 10,400 shares are held directly and 1,642 shares are controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $832,704.
Over the last 90 days, previous to the date of this filing, there have been 27 insider transactions reported to the SEC for Preformed Line Products. These transactions came from the activities of 13 separate insiders that resulted in a net acquisition of 15,789 company shares. In 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/80035/000120919121008286/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.