Form 4: PARK OHIO Holdings CFO Disposes Shares for Tax Obligations
Insider Transaction Disclosure
Patrick W. Fogarty, VP & CFO of PARK OHIO HOLDINGS CORP (PKOH), reported a disposition of common stock shares to cover tax liabilities, as disclosed in a recent SEC Form 4 filing.
Summary
- Patrick W. Fogarty, the Vice President and Chief Financial Officer of PARK OHIO HOLDINGS CORP (PKOH), filed a Form 4 with the SEC.
- The filing indicates a transaction on June 17, 2025, where Mr. Fogarty disposed of 3,326 shares of PKOH common stock.
- The shares were disposed of at a price of $17.24 per share.
- This transaction was coded 'F', signifying a payment of tax liability by withholding securities.
- The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, indicating it was pre-scheduled.
- Following this reported transaction, Mr. Fogarty beneficially owns 142,949 shares of PARK OHIO HOLDINGS CORP common stock.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of an insider stock transaction for tax withholding purposes, which typically carries a neutral sentiment regarding the company's operational performance or future outlook. It is a pre-planned, non-discretionary sale.
Future Outlook
This SEC Form 4 filing is a disclosure of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a routine insider transaction disclosure and does not provide specific insights into broader industry trends or competitive landscape. It reflects an individual executive's stock activity rather than a corporate strategic move.
Stakeholder Impact
- Shareholders: The disposition of shares for tax purposes is a common administrative event for executives and is unlikely to have a significant direct impact on shareholders or the company's stock price, especially given it was pre-planned under Rule 10b5-1.
Key Dates
| Date | Description |
|---|---|
| 06/17/2025 | Date of the reported transaction (disposition of shares). |
| 06/18/2025 | Date the Form 4 was signed and filed. |
Keywords
PARK OHIO HOLDINGS CORP, PKOH, Form 4, Insider Trading, Stock Disposition, Tax Withholding, Patrick W. Fogarty, CFO, SEC Filing, Rule 10b5-1
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