Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 38

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 38
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 $130.34 from Timothy O'Shaughnessy on November 20, 2024 . • The Company purchased 2,000 shares of the Company at a 30-day average price per share of $131.90 from David C. Sunkle on March 13, 2024 . During 2024 , the Company paid approximately $223,000 in legal fees to Baker & Hostetler LLP, of which R. Steven Kestner was a partner and the former Chairman of the firm and chair of its policy committee.

| 322024 Proxy Statement | PREFORMEDLINEPRODUCTSCOMPANY |

| PROPOSAL TWO:Approval of 2025 Incentive Plan |

The Board recommends that you vote “FOR” this proposal. On February 5, 2025, the Board of Directors, upon the recommendation of the Compensation Committee, approved the Preformed Line Products Company 2025 Incentive Plan (the “2025 Plan”), subject to shareholder approval. Background The Compensation Committee and the Board believe that our provision of equity compensation has been a key factor in aligning the interests of our officers, employees and directors with those of our shareholders by providing an incentive to increase shareholder value. Equity compensation also allows us to compete for and retain talented executives and other personnel. Under the Preformed Line Products Company 2016 Incentive Plan (the “2016 Plan”), the Company currently has the ability to award stock options, restricted stock awards, and other stock-based awards. As of March 14, 2025 , of the aggregate of 1,000,000 common shares that were authorized for issuance under the 2016 Plan, the Company had approximately 296,359 shares remaining available for future restricted stock or restricted stock unit awards, and approximately 22,500 shares remaining available for future option grants. The Board determined to approve the new 2025 Plan and recommend it for shareholder approval since the 2016 Plan will expire in 2026 and since the 2025 Plan provides greater flexibility to structure awards to meet the Company’s incentive compensation objectives and authorizes a new pool of shares to allow awards to continue to be made for the next several years. The 2025 Plan would make 618,859 common shares available for new awards. If our shareholders approve the 2025 Plan, it will become effective as of May 14, 2025 (the “Effective Date”), and no additional awards will be granted under the 2016 Plan as of such date