Form 4: Park Ohio Holdings CEO Matthew Crawford Disposes of Shares to Cover Tax Obligations

Matthew Crawford, CEO of Park Ohio Holdings, disposed of 13,199 shares of common stock on June 28, 2024, to cover tax obligations.

Summary

• On June 28, 2024, Matthew V. Crawford, CEO, COB, and President of Park Ohio Holdings Corp, disposed of 13,199 shares of common stock.
• The transaction was executed to cover tax obligations at a price of $25.08 per share.
• Following the transaction, Crawford directly owns 930,444 shares of Park Ohio Holdings Corp.
• Crawford also indirectly owns shares through various entities, including Park Trust (300,000 shares), a trust (546,000 shares), Crawford Capital Company (11,700 shares), First Francis Company, Inc. (41,401 shares), and a Limited Liability Company (1,100,000 shares).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction to cover tax obligations, which is a routine event.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates