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PREFORMED LINE PRODUCTS CO

For the period ended May 13, 2025. Filed Mar 21, 2025.

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About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

May 13, 2025 · Filed Mar 21, 2025

PLPC$261.98+3.9%Stored close · as of Nov 6, 2026
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Pay versus Performance

The following table summarizes compensation paid to our Executive Chairman, who is our principal executive officer (PEO)

as set forth in our Summary Compensation Table, compensation actually paid (CAP) to our PEO, average compensation

paid to our Non-PEO NEOs as set forth in our Summary Compensation Table, and average compensation actually paid to

our Non-PEO NEOs, each as calculated in accordance with SEC rules, and certain Company and peer group performance

measures for the periods indicated:

Value of Initial Fixed $100 Investment Based On:
YearSummary Compensation Table Total for PEO (1)Compensation Actually Paid to PEO (2)Average Summary Compensation Table Total for Non-PEO NEOs (3)Average Compensation Actually Paid to Non-PEO NEOs (2)Total Shareholder Return (4)Peer Group Total Shareholder Return (4)Net Income(in thousands)Return on Shareholders' Equity (5)
20244,661,9043,029,0101,871,9251,554,094$222.39$163.1237,11112.3%
20234,891,3817,584,7651,595,4532,268,815$231.46$154.3763,33220.8%
20224,587,5186,311,9171,311,0751,662,554$143.07$126.2754,39521.0%
20214,760,2184,371,1771,278,3581,206,905$110.12$143.9435,72916.9%
20205,155,6045,382,9371,003,522975,760$115.12$131.5929,80314.6%

(1)Robert Ruhlman was the PEO for all five years (2020-2024).

(2)The dollar amounts shown in these columns reflect “compensation actually paid” calculated in accordance with

SEC rules. The charts below detail the additions and deductions to the CAP calculation. The dollar amounts do not

reflect the actual amount of compensation earned by or paid to the PEO or other NEOs during the applicable years.

(3)The non-PEO NEOs are comprised of:2024 and 2023 –Dennis F. McKenna, Andrew S. Klaus, J. Ryan Ruhlman, and

John M. Hofstetter;2022 and 2021 –Andrew S. Klaus, Dennis F. McKenna, J. Ryan Ruhlman, and William H. Haag III;

2020 -David Sunkle, Dennis F. McKenna, William H. Haag III, Michael Weisbarth and Andrew S. Klaus.

(4)These columns assume a $100 investment was made in our common shares and in the stock of our Peer Group

(defined herein) on the last day of our fiscal year before the earliest reported period and all dividends were

reinvested. The “Peer Group” is made up of the companies in the Hemscott Industry Group 627 (Industrial Electrical

Equipment), which is the peer group used for the Performance Graph in our Annual Report on Form 10-K for the fiscal

year ended December 31, 2024.

(5)Return on shareholders’ equity is the financial performance measure, which, in the Company’s assessment,

represents for 2024 the most important performance measure used to link CAP to our PEOs and non-PEO NEOs to the

Company’s performance.

Compensation Actually Paid

The following tables set forth the adjustments made to the total compensation information included in the Summary

Compensation Table (“SCT”) for the PEO and non-PEO NEOs, as an average, for purposes of providing the “Compensation

Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” in the table above.

28 2024 Proxy StatementPREFORMED LINE PRODUCTS COMPANY

PEO – Adjustments for CAP

PEO Summary Compensation Table to CAP Adjustments20242023202220212020
Deduction for Amounts Reported under the “Stock Awards” Column of the SCT(1,970,878)(2,046,877)(1,889,622)(1,920,858)(2,433,539)
Addition of Fair Value of Awards Granted During Year that Remain Unvested as of Year-End (1)1,526,3241,544,6112,660,7821,729,9492,254,961
Addition/Deduction of Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End (1)(1,001,174)2,967,6501,109,563(238,088)495,213
Addition/Deduction of Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year (1)(187,166)228,000(156,324)39,956(89,302)
Total Adjustments(1,632,894)2,693,3841,724,399(389,041)227,333

Average Non-PEO NEOs – Adjustments for CAP

Non-PEO NEOs Summary Compensation Table to CAP Adjustments20242023202220212020
Deduction for Amounts Reported under the “Stock Awards” Column of the SCT(676,176)(602,998)(408,213)(394,581)(302,531)
Addition of Fair Value of Awards Granted During Year that Remain Unvested as of Year-End (1)555,982458,337574,805355,365338,106
Addition/Deduction of Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End (1)(158,297)533,804185,535(33,695)54,133
Addition/Deduction of Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year (1)(39,340)136,667(648)1,458(2,725)
Addition of Fair Value of Awards Granted and Vested During Year (1)—147,552———
Deduction of Fair Value as of Prior Year-End for Prior Year Awards Forfeited During the Year (1)————(114,745)
Total Adjustments(317,831)673,362351,479(71,453)(27,762)

(1)The fair value of equity component of the CAP calculation was determined in accordance with Item 402(v) of Regulation S-K.

Most Important Performance Measures

The Company views the following financial performance measures as the most important to link Compensation Actually

Paid to the PEO and NEOs for fiscal 2024 to Company performance:

Sales

Pre-tax income

Return on shareholders’ equity

Relationship between Compensation Actually Paid and Performance Measures

The charts below show the relationship between the Compensation Actually Paid to the PEO and the Average

Compensation Actually Paid to the non-PEO NEOs (collectively, “NEO Compensation Actually Paid”) to each of (1) total

shareholder return (“TSR”), (2) Net Income, (3) Return on shareholders’ equity.

As discussed under “Compensation Discussion & Analysis” above, our compensation program seeks to attract, motivate

and retain our NEOs while ensuring the success and growth of the Company by making a significant portion of NEOs’ total

29 2024 Proxy StatementPREFORMED LINE PRODUCTS COMPANY

compensation variable and dependent on the Company’s financial performance. As shown in the charts below, NEO CAP

is generally aligned with TSR, Net Income, and Return on shareh olders’ equity.

30 2024 Proxy StatementPREFORMED LINE PRODUCTS COMPANY
31 2024 Proxy StatementPREFORMED LINE PRODUCTS COMPANY
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.