Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 26

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 26
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,572 |
|                                | 2022 |     |         — |     |           — |     |                                    — |     |                    — |     |         — |

(1) Reflects the dollar amount of the grant date fair value, as determined in accordance with Financial Accounting Standard Board (“FASB”) ASC Topic 718, with respect to performance-based and service-based RSUs awarded and an other stock-based award granted under the 2016 LTIP. The value of performance-based RSUs was calculated assuming the highest level of the performance conditions achieved. For a further description of these awards, see the discussion under the heading “Long-Term Equity Grants” above and Note 10 – Share-Based Compensation to the Notes to Consolidated Statements in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 . (2) Reflects the dollar amount of the payout under the Company’s Annual Non-Equity Incentive Plan based on a sliding scale of the Company’s return on shareholders’ equity, ranging from 3% (for the threshold payout) to 11% (for the maximum payout), with target payout at 7%. The percentage achieved within this range determined the dollar amount of the award based on a percentage of salary, which is a maximum of 100% for Robert G. Ruhlman, Dennis F. McKenna, Andrew S. Klaus, and J. Ryan Ruhlman, and 85% for John M. Hofstetter, in each case, subject to the Compensation Committee’s discretion as to the final payout amount. The Company’s return on shareholders’ equity for 2024 was 12.3%, which resulted in a payout of 100% for Robert G. Ruhlman, Dennis F. McKenna, Andrew S. Klaus, and J. Ryan Ruhlman, and 85% for John M. Hofstetter. For a further description of the Annual Non-Equity Incentive Plan awards, see the discussion under the heading “Annual Cash Incentive Awards” above.

| 202024 Proxy Statement | PREFORMEDLINEPRODUCTSCOMPANY |

| Summary Compensation Table |

(3) All Other Compensation includes the following items and is summarized in the table below: a. The Company’s required contributions under the SERP for the year ended December 31, 2024 and the amounts grossed up for applicable local taxes on the NEO’s 2024 earnings. The amounts of such contribution is