Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 15

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 15
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 policies and overall actual compensation practices for all employees do not create risks that are reasonably likely to have a material adverse effect on the Company. Generally speaking, the compensation policies are consistent for all business units of the Company. Additionally, incentives are not designed to, and do not, create risks that are reasonably likely to have a material adverse effect on the Company as the incentives generally reward growth and profitability. The Company’s various bonus programs are based on consistent growth of the Company, relying, for example, on the total return on investment, or including language that requires any increases in sales to be on appropriate and consistent margins. As such, they do not encourage employees to take risks in order to receive incentive compensation, nor are they reasonably likely to have a material adverse effect on the Company. Insider Trading Policies and Procedures The Company has adopted insider trading policies and procedures applicable to its directors, officers and employees, and has implemented processes for the Company that it believes are reasonably designed to promote compliance with insider trading laws, rules, and regulations, and the NASDAQ listing standards. The Insider Trading Policy prohibits the Company’s employees and related persons and entities from trading in Company stock while in possession of material, nonpublic information. The Company’s trading black-out period requires that certain officers of the Company and other designated employees only transact in Company stock during an open window period, subject to limited exceptions. In addition, certain officers and directors of the Company are required to obtain approval in advance of transactions in Company stock. The foregoing summary of the Company’s insider trading policies and procedures does not purport to be complete and is qualified by reference to the Company’s Insider Trading Policy, a copy of which can be found as an exhibit to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The Company has a policy against short sales of the Company’s securities and hedging transactions or financial investments involving the Company’s securities, including prepaid variable forward contracts, equity swaps, collars and exchange funds. This policy applies to all directors, officers and certain designated employees.

| 142024 Proxy Statement | PREFORMEDLINEPRODUCTSCOMPANY |

| DIRECTORS AND EXECUTIVE OFFICERS COMPENSATION |

Compensation Discussion and Analysis Highlights of the Compensation Program • Maintain an executive compensation program to mitigate undue risk • Award annual incentive compensation subject to achievement of objective and pre-established performance goals tied to operational and strategic objectives • Ensure that at least 50 percent of CEO’s target core compensation is at risk • Benchmark officer compensation around the market