Form 4: Park-Ohio Holdings Corp Executive Robert D. Vilsack Reports Stock Disposal
SEC Filing
Robert D. Vilsack, Secretary & CLO of Park-Ohio Holdings Corp, reported disposing of 3,363 shares of common stock on June 19, 2024, to cover tax obligations.
Summary
- On June 19, 2024, Robert D. Vilsack, Secretary & CLO of Park-Ohio Holdings Corp, disposed of 3,363 shares of common stock.
- The transaction was executed at a price of $25.19 per share.
- Following the transaction, Vilsack directly owns 171,746 shares of Park-Ohio Holdings Corp.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a standard transaction. The disposal of shares by an executive doesn't inherently indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 06/19/2024 | Date of stock disposal transaction |
| 06/20/2024 | Date of signature on the Form 4 filing |
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