Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 28

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 28
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ive Plan awards, see the discussion under the heading “Annual Cash Incentive Awards” above. (2) Reflects the number of performance-based RSUs granted during 2024 pu rsuant t o the 2016 LTIP. These RSUs vest at the end of three-year performance period through December 31, 2026 based on the Company’s level of performance. The number of shares the participant may receive depends upon the specific level of performance of the simple average of the three individual performance periods measured year over year, with thresholds of -7%, -3% and 0% for three year average year over year pre-tax income growth and 0%, 1% and 2% for three year average year over year sales growth. The threshold payout is at 25% (50% for the Executive Chairman and CEO) of the maximum number of performance-based RSUs if both measures are achieved, the target is at 50% (100% for the Executive Chairman and CEO) if -3% three year average year over year growth in pre-tax income and 1% three year average year over year growth in sales are achieved, and the maximum is at 100% (200% for the Executive Chairman and CEO) of the number of shares subject to the award if 0% three year average year over year growth in pre-tax income and 2% three year average year over year growth in sales are achieved at the end of the three-year period. If only one of the two measures is achieved at any of these levels, the vesting percentage is weighted to provide for some additional vesting for achieving the higher measure. (3) Reflects the number of time-based RSUs granted during 2024 pursuant to the 2016 LTIP. The RSUs cliff-vest after three years and are subject to risk of forfeiture depending on continuous employment. (4) The value of the RSUs was calculated using the previous day closing market price of the RSUs on the grant date multiplied by the number of RSUs granted and reflects the probable total amount that the Company would expense in its financial statements over the restricted awards’ vesting period assuming service and performance goals are met, in accordance with FASB ASC Topic 718.

| 222024 Proxy Statement | PREFORMEDLINEPRODUCTSCOMPANY |

| Outstanding Equity Awards at Fiscal Year-End |

|                    | STOCK AWARDS (3) |                                                      |     |                                                             |     |                                                                                                    |     |                                                                                                                    |
| Name(s