Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 44

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 44
---
 restrictions on transferability, forfeiture, time-based restrictions, continued service, and/or the achievement of specific performance goals. Restricted stock may be evidenced in such manner as the

| 352024 Proxy Statement | PREFORMEDLINEPRODUCTSCOMPANY |

Administrator may deem appropriate, including book-entry registration or issuance of one or more stock certificates. Generally, a holder of restricted stock will have all of the rights of a shareholder of the Company, including, if applicable, the right to vote the shares. Dividends on the common shares held as restricted stock may be settled in cash and/or shares, as provided in the applicable award agreement, and the dividends are subject to the same restrictions on transfer and forfeitability as the restricted stock with respect to which paid. • Restricted Stock Units (RSUs). RSUs are not actual shares issued to a participant, but are unsecured and unfunded promises to deliver a share in the future subject to the terms and conditions specified in the award agreement and in such other manner as the Administrator may deem appropriate. Like restricted stock, the Administrator may impose conditions and/or restrictions on RSUs as it may deem advisable, including restrictions on transferability, time- based restrictions, continued performance, and/or restrictions based upon the achievement of specific performance goals. An award of RSUs may provide participants with the right to receive an amount equal to any dividends or other distributions declared and paid on an equal number of outstanding shares. Also like restricted stock, dividends on an RSU may be settled in cash and/or shares, as provided in the applicable award agreement, and the dividends are subject to the same restrictions on transfer and forfeitability as the RSU with respect to which paid. • Stock Appreciation Rights (SARs). SARs are the right to receive cash and/or shares based on a change in the fair market value of a specific number of shares granted to the participant. The grant price of the SAR must be equal to or greater than the fair market value of a share on the applicable grant date, and the term of the SAR must not exceed ten years. The vesting schedule of stock awards provide that such awards vest no earlier than the first anniversary of the applicable grant date; provided, that the following awards shall not be subject to the minimum one-year vesting requirement: (a) conversion awards; (b) shares delivered in lieu of fully vested cash obligations; and (c) any other stock-based awards the Administrator may grant, up to a maximum of five percent (5%) of the available share reserve