Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 23

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 23
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 the Company’s other employees, the Company provides a few additional benefits to its officers. These benefits are designed to enable the officers to balance their personal, business and travel schedules. In 2024 , benefits included the Company’s payment of club dues for three of the NEOs as indicated in the accompanying Summary Compensation Table. This benefit is also provided to two non-officer employees, primarily for business entertainment purposes. Except as described here, the Company aircraft is available to all employees, including the officers and directors, for business-related travel only. The Executive Chairman, CEO and President are permitted to use the Company’s aircraft for personal purposes, as shown on the Summary Compensation Table. The Company also makes personal financial advice available to the Executive Chairman and tax advice available to all of its executive officers.

| 182024 Proxy Statement | PREFORMEDLINEPRODUCTSCOMPANY |

| DIRECTORS AND EXECUTIVE OFFICERS COMPENSATION |

Compensation Discussion and Analysis Option Awards . Although none of the NEOs had any option or option-like awards outstanding in 2024, the 2016 LTIP provides the Committee the discretionary authority to grant option and option-like awards to individuals. Awards are not granted on a predetermined schedule , as the Committee determines when to grant option or option-like awards on a case-by-case basis to align with the Company’s short-term and long-term business goals and to ensure the competitiveness of its compensation packages. In determining the timing and terms of an award, the Committee may consider material nonpublic information to ensure that such grants are made in compliance with applicable laws and regulations. If necessary, the Committee may delay the grant of awards until there is public disclosure of any material nonpublic information. The Company has not timed , and does not time, the disclosure of material nonpublic information based on its effect on the value of executive compensation. Ownership Guidelines . In 2014, the Committee recommended and the Board approved ownership guidelines to ensure that the NEOs have a stake in the future of the Company in lieu of the deferral requirement. The ownership guidelines require the CEO to hold six times his annualized base salary in equity of the Company, and the other officers to hold three times their annualized base salaries. The ownership guidelines state that the types of equity that count toward the ownership requirement are stock owned directly, stock owned in a Company-sponsored retirement plan, and the unvested portion of RSUs that are subject only to time-vesting. Each covered executive will have up to five years from the date such person becomes a covered