Form 4: Park-Ohio Holdings Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert D. Vilsack, Secretary & CLO of Park-Ohio Holdings Corp, disposed of 4,951 shares of common stock on June 3, 2024, to cover tax obligations.
Summary
- Robert D. Vilsack, an officer of Park-Ohio Holdings Corp, reported a transaction involving the disposal of company stock.
- On June 3, 2024, Vilsack disposed of 4,951 shares of common stock at a price of $26.15 per share.
- This transaction was executed to cover tax obligations.
- Following the transaction, Vilsack directly owns 175,109 shares of Park-Ohio Holdings Corp.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares for tax purposes) by an officer, which is neither particularly positive nor negative.
Industry Context
Executive stock transactions are common and are often related to compensation or tax planning. It is important to consider the overall trend of insider transactions to gauge management's sentiment about the company's prospects.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a relatively small number of shares being sold by an individual officer.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of the stock disposal transaction |
| 06/04/2024 | Date of signature on the report |
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