Park-Ohio (PKOH) Director John D. Grampa Receives 93 RSUs
$PKOH · PARK OHIO HOLDINGS CORPResearch Summary
AI-generated summary of this SEC filing
Park-Ohio (PKOH) Director John D. Grampa Receives 93 RSUs
What Happened
John D. Grampa, a director of Park-Ohio Holdings Corp. (PKOH), was granted 93 restricted stock units (RSUs) on August 14, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 (no cash paid). The RSUs represent a contingent right to receive one share each.
Key Details
- Transaction date: 2026-08-14; Form 4 filed 2026-08-17 (reporting period 2026-08-14).
- Reported transaction: 93 RSUs granted (derivative award) at $0.00 per unit.
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: Each RSU converts to one share upon settlement.
- F2: These 93 RSUs include additional units granted under dividend-equivalent provisions.
- F3: RSUs are fully vested and will be settled in shares and delivered within 30 days after the reporting person’s separation of service.
- No 10b5-1 plan, tax-withholding sale, or sale-of-shares noted in the filing.
Context
This was an equity award (compensation/benefit), not an open-market purchase or sale. Awards like RSUs are common compensation for directors and do not, by themselves, indicate a buy or sell signal from the insider. Because these RSUs are already vested but will only convert to shares upon separation of service, they are effectively a deferred share payment rather than an immediate change in share ownership.