Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 31

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 31
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. Klaus deferred the receipt of 3,357 common shares under the DSP upon vesting of restricted shares in February of 2024 .

| 252024 Proxy Statement | PREFORMEDLINEPRODUCTSCOMPANY |

| Potential Payments upon Termination or Change in Control |

All of our employees, including NEOs, are employed at-will and do not have employment, severance or change-in-control agreements. However, each LTIP plan includes a change–in-control provision which provides that in the event of a Change in Control (as defined in each applicable LTIP plan) (a) any options outstanding which are not then exercisable and vested shall become fully exercisable and vested; and (b) unless otherwise provided in the award agreements, any restricted share units outstanding shall vest and entitle the holder to the maximum number of shares that may be earned under the award. The award agreements for the RSUs provide that in the event of a Change in Control (a) all time-based RSUs outstanding shall fully vest and entitle the holder to the maximum number of shares that may be earned under the award and (b) all performance-based RSUs outstanding shall vest and entitle the holder to receive, at the end of the performance period applicable to the award (whether or not then still employed by the Company), the number of shares that are earned based on the achievement of the performance vesting conditions in effect for the duration of the award. The following table shows the amount the Company’s NEOs would have received under the 2016 LTIP if a change in control had occurred on December 31, 2024 , assuming that all performance conditions of performance-based RSUs were satisfied at the maximum level and that the shares earned were issued as of December 31, 2023 . The amounts are equal to the value of the shares that would have vested as of December 31, 2024 .

|                    |     | Estimated FuturePayouts UnderEquity IncentivePlan Awards |
| Name               |     |                                          Stock Awards($) |
| Robert G. Ruhlman  |     |                                                9,066,734 |
| Dennis F. McKenna  |     |                                                3,081,410 |
| Andrew S. Klaus    |     |                                                1,616,263 |
| J. Ryan Ruhlman    |     |                                                1,635,348 |
| John M. Hofstetter |     |                                                1,466,007 |

The following details typical compensation