Form 4: Park-Ohio Holdings Director Patrick Auletta Receives Equity Compensation

Park-Ohio Holdings Corp. Director Patrick V. Auletta was granted 2,422 shares of common stock and 2,422 Restricted Stock Units (RSUs) as part of his compensation, increasing his beneficial ownership.

Summary

• Patrick V. Auletta, a Director of Park-Ohio Holdings Corp. (PKOH), acquired 2,422 shares of common stock.
• Mr. Auletta also acquired 2,422 Restricted Stock Units (RSUs).
• Both the common stock and RSU acquisitions were reported with a transaction price of $0, indicating they were likely compensation grants.
• Following these transactions, Mr. Auletta beneficially owns 14,557 shares of common stock.
• He also beneficially owns 21,235 Restricted Stock Units.
• Each RSU represents a contingent right to receive one share of Park-Ohio Holdings Corp. common stock.
• The RSUs are fully vested and will be settled in shares and delivered to Mr. Auletta within 30 days after his separation of service.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the transaction represents an increase in insider ownership through equity compensation, which generally aligns the director's interests with shareholders. It is a routine compensation event, not a direct purchase, hence not strongly positive.

Positives

• The grant of common stock and Restricted Stock Units to a director aligns their interests more closely with those of the shareholders, as their personal wealth becomes tied to the company's performance.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of insider equity compensation, common across all industries for publicly traded companies. It reflects standard corporate governance practices where directors receive a portion of their compensation in company stock or stock-based awards to incentivize long-term performance and align interests with shareholders.

Related Party Transactions

• The acquisition of common stock and Restricted Stock Units by Director Patrick V. Auletta from Park-Ohio Holdings Corp. represents a transaction between the company and a related party (a director) as part of his compensation.

Stakeholder Impact

• Shareholders: The grant of equity compensation to a director can be seen as a positive for shareholders as it further aligns the director's financial interests with the company's long-term performance and shareholder value creation.

Key Dates

Keywords

Park-Ohio Holdings Corp., PKOH, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Compensation, Director Compensation, Beneficial Ownership