Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 39

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 39
---
. Shares subject to awards that are outstanding under the 2016 Plan will become available for future grants under the 2025 Plan if they are cancelled, forfeited or expire prior to being exercised. If the 2025 Plan does not receive shareholder approval, the 2025 Plan will not go into effect and the 2016 Plan will stay in effect. Summary of Recent Plan Data In developing our proposal for the 2025 Plan and to analyze the impact of equity awards on our shareholders, we considered our “burn rate”. Burn rate provides a measure of the potential dilutive impact of our annual equity award program. Set forth below is a table that reflects our grants made and basic weighted-average common shares outstanding as of fiscal year end for 2024, 2023, and 2022, as well as the average over those years.

| Year           | Options Granted | Time Based RSUs | Performance BasedRSUs | Other Stock-BasedAwards Granted | Basic Weighted-Averageof Common SharesOutstanding |
| 2024           |           7,500 |           7,040 |                40,914 | —                               |                                         4,908,000 |
| 2023           |               — |          10,212 |                43,952 | —                               |                                         4,920,000 |
| 2022           |          26,500 |          13,898 |                61,654 | —                               |                                         4,931,000 |
| 3-Year Average |          11,333 |          10,383 |                48,840 | —                               |                                         4,920,000 |

The Board and Compensation Committee recognize the impact of dilution on our shareholders and have evaluated the 2025 Plan carefully in the context of the need to motivate, retain and ensure that our leadership team and key employees are focused on our strategic priorities. The following table sets forth certain information as of March 14, 2025 , unless otherwise noted, with respect to the Company’s equity compensation plans:

| Total Outstanding Options           |  26,425 |
| Total Outstanding Full Value Awards | 211,549 |
| Total Shares Available for Grant    | 318,859 |

Corporate Governance Practices The Board believes that the 2025 Plan promotes the interests of shareholders and is consistent with principles of good corporate governance, including: • Independent Committee. The 2025 Plan will be administered by the Compensation Committee, which is composed entirely of independent