Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 41

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 41
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 of the 2025 Plan, a copy of which is attached as Appendix A to this Proxy Statement. Shares Authorized for Issuance under the 2025 Plan; Share Counting Procedure A maximum of 618,859 common shares are proposed to be available for awards under the 2025 Plan. The maximum number of shares that may be granted subject to incentive stock options (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”)) under the 2025 Plan is 100,000. If any awards or portions of awards are settled, cancelled, forfeited or expire without the issuance of shares, such shares will not be counted against the foregoing limits and will again be available for issuance under the 2025 Plan. Shares tendered to, or withheld by, the Company in payment of the exercise price of an option or in satisfaction of tax withholding obligations in connection with awards will not be treated as having been issued under the Plan and will be available for future issuance under the 2025 Plan. In the event the Company acquires any entity or business, conversion or substitution awards may be granted under the 2025 Plan to holders of awards granted under the acquired entity’s or business’s equity compensation plan to the extent permitted under the listing standards of any applicable exchange. Conversion awards will not count against the share limits under the 2025 Plan, however, the settlement, cancellation, forfeiture or expiration of any conversion awards without the issuance of shares will not result in the underlying shares becoming available for grant under the 2025 Plan. Limitations on Individual Awards The 2025 Plan also contains limitations on the size of awards that can be provided to an individual participant, as follows: • No participant may be granted options or SARs covering more than 25,000 shares in the aggregate during any calendar year or other 12-month period. • No participant may be granted awards of restricted stock, RSUs or other stock-based awards (other than options and SARs) covering more than 25,000 shares in the aggregate during any calendar year or other 12-month period, regardless in each case of whether such awards are thereafter canceled, forfeited or terminated. Eligible Participants All directors, officers, employees and consultants of the Company or any of its subsidiaries, and prospective employees who have accepted offers of employment from the Company or its subsidiaries are eligible to receive awards under the 2025 Plan. Incentive stock options may only be granted to employees of the Company or its