Form 4: Park Ohio Holdings CEO Matthew Crawford Reports Stock Disposal for Tax Obligations

Matthew Crawford, CEO, COB, and President of Park Ohio Holdings, reports the disposal of shares to cover tax obligations.

Summary

• On June 4, 2024, Matthew V. Crawford, CEO, COB, and President of Park Ohio Holdings Corp, reported a transaction involving common stock.
• Crawford disposed of 22,175 shares of common stock at a price of $26.15 per share to cover tax obligations.
• Following the transaction, Crawford directly owns 854,021 shares.
• Crawford also indirectly owns shares through various entities: Park Trust (300,000 shares), a Trust (546,000 shares), First Francis Company, Inc. (41,401 shares), Crawford Capital Company (11,700 shares), and a Limited Liability Company (1,100,000 shares).

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction. The disposal of shares for tax purposes is a common practice and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or those holding 10% or more of the company's shares) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.

Key Dates