View Filing Data for SEC filing 0001999371-25-003977

Cover	12 Months Ended
Cover	Dec. 31, 2024
Cover [Abstract]
Document Type	DEF 14A
Entity Registrant Name	PARK OHIO HOLDINGS CORP
Entity Central Index Key	0000076282
Amendment Flag	false

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure [Table]

Pay vs Performance Disclosure, Table

Pay Versus Performance Table

Pursuant to Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, the Pay Versus Performance Table (set forth below) is required to include “compensation actually paid,” as calculated per SEC disclosure rules, to the Company’s principal executive officer (“PEO”) and the Company’s non-PEO named executive officers (“NEOs”), as noted below. “Compensation actually paid” represents a new required calculation of compensation that differs significantly from the Summary Compensation Table calculation of compensation, the NEO’s realized or earned compensation, as well as from the way in which the Compensation Committee views annual compensation decisions, as discussed in the Executive Compensation Discussion and Analysis. The amounts in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by NEOs.


			PAY VERSUS PERFORMANCE
Year (a)	Summary Compensation Table Total for PEO (b)	Compensation Actually Paid to PEO (c)⁽¹⁾⁽²⁾	Average Summary Compensation Table Total for Non-PEO Named Executive Officers (d)	Average Compensation Actually Paid to Non-PEO Named Executive Officers (e)⁽¹⁾⁽²⁾	Value of Initial Fixed $100 Investment Based On:		Net Income (loss) (h)	Consolidated Adjusted Income Before Income Taxes (i)⁽⁴⁾
Year (a)	Summary Compensation Table Total for PEO (b)	Compensation Actually Paid to PEO (c)⁽¹⁾⁽²⁾			Total Shareholder Return (f)⁽³⁾	Peer Group Total Shareholder Return (g)⁽³⁾	Net Income (loss) (h)	Consolidated Adjusted Income Before Income Taxes (i)⁽⁴⁾
2024	$5,880,378	$6,004,840	$1,702,660	$1,721,649	$86.98	$192.86	$31,800,000	$52,526,000
2023	$5,726,975	$10,204,842	$1,986,873	$2,885,214	$87.67	$154.93	$7,800,000	$47,300,000
2022	$3,983,924	$2,053,461	$1,281,790	$930,575	$38.61	$122.55	$(14,200,000)	$25,600,000
2021	$6,177,464	$3,900,081	$1,430,325	$1,032,246	$64.62	$152.67	$(24,800,000)	$(18,500,000)
2020	$5,154,783	$6,362,304	$1,181,255	$1,401,038	$92.66	$121.27	$(4,500,000)	$22,600,000

⁽¹⁾

Matthew V. Crawford served as our principal executive officer (“PEO”) for the full year for each of 2024, 2023, 2022, 2021 and 2020. For 2024, 2023, 2022, 2021, and 2020 our non-PEO named executive officers (“NEOs”) were Patrick W. Fogarty and Robert D. Vilsack.

⁽²⁾

For 2024, the values included in this column for the compensation actually paid to our PEO and the average compensation actually paid to our Non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:


Matthew V. Crawford	2024
Summary Compensation Table Total for PEO (column (b))	$5,880,378
- aggregate change in actuarial present value of pension benefits	$11,619
+ service cost of pension benefits	$7,400
+ prior service cost of pension benefits	$0
- SCT “Stock Awards” column value	$2,279,700
- SCT “Option Awards” column value	$0
+ year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end,	$2,364,300
+/- year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end,	$156,400
+ vesting date fair value of equity awards granted and vested in the covered year,	$0
+/- the difference between the fair value as of the end of the prior fiscal year and the vesting date,	$80,622
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year,	$0
+ dollar value of dividends/earnings paid on equity awards in the covered year	$119,858
Compensation Actually Paid to PEO (column (c))	$6,004,840


AVERAGE FOR NON-PEO NEOS	2024
Average SCT Total for Non-PEO NEOs (column (d))	$1,702,660
- aggregate change in actuarial present value of pension benefits	$16,219
+ service cost of pension benefits	$7,647
+ prior service cost of pension benefits	$0
- SCT “Stock Awards” column value	$557,260
- SCT “Option Awards” column value	$0
+ year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end,	$577,940
+/- year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end,	$35,593
+ vesting date fair value of equity awards granted and vested in the covered year,	$0
+/- the difference between the fair value as of the end of the prior fiscal year and the vesting date,	$15,793
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year,	$0
+ dollar value of dividends/earnings paid on equity awards in the covered year	$26,681
Average Compensation Actually Paid to Non-PEO NEOs (column (e))	$1,721,649

⁽³⁾

For each of 2024, 2023, 2022, 2021 and 2020, total shareholder return for the Company and the peer group was calculated as the yearly percentage change in cumulative total shareholder return based on a deemed fixed investment of $100 at market close on December 31, 2019. The yearly percentage change in cumulative total shareholder return was measured as the quotient of (a) the sum of (i) the cumulative amount of dividends for the period from December 31, 2019 through and including the last day of the covered fiscal year (the “Measurement Period”), assuming dividend reinvestment, plus (ii) the difference between stock price per share at the end and the beginning of the Measurement Period, divided by (b) stock price per share at the beginning of the Measurement Period. Each of these yearly percentage changes was then applied to a deemed fixed investment of $100 at the beginning of the Measurement Period to produce the year-end values of such investment as of the end of 2024, 2023, 2022, 2021 and 2020 as applicable. For purposes of this pay versus performance disclosure, our peer group is the NASDAQ U.S. Benchmark TR Index (U.S. companies) (the “Peer Group”). Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.

⁽⁴⁾

Consolidated adjusted income before income taxes is calculated as described in the Executive Compensation Discussion and Analysis section above.

Company Selected Measure Name

Consolidated Adjusted Income Before Income Taxes

Named Executive Officers, Footnote

Peer Group Issuers, Footnote

PEO Total Compensation Amount

$ 5,880,378

$ 5,726,975

$ 3,983,924

$ 6,177,464

$ 5,154,783

PEO Total Compensation Amount

^[1],[2]

$ 6,004,840

10,204,842

2,053,461

3,900,081

6,362,304

Adjustment To PEO Compensation, Footnote


Matthew V. Crawford	2024
Summary Compensation Table Total for PEO (column (b))	$5,880,378
- aggregate change in actuarial present value of pension benefits	$11,619
+ service cost of pension benefits	$7,400
+ prior service cost of pension benefits	$0
- SCT “Stock Awards” column value	$2,279,700
- SCT “Option Awards” column value	$0
+ year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end,	$2,364,300
+/- year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end,	$156,400
+ vesting date fair value of equity awards granted and vested in the covered year,	$0
+/- the difference between the fair value as of the end of the prior fiscal year and the vesting date,	$80,622
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year,	$0
+ dollar value of dividends/earnings paid on equity awards in the covered year	$119,858
Compensation Actually Paid to PEO (column (c))	$6,004,840

Non-PEO NEO Average Total Compensation Amount

$ 1,702,660

1,986,873

1,281,790

1,430,325

1,181,255

Non-PEO NEO Average Compensation Actually Paid Amount

^[1],[2]

$ 1,721,649

2,885,214

930,575

1,032,246

1,401,038

Adjustment to Non-PEO NEO Compensation Footnote


AVERAGE FOR NON-PEO NEOS	2024
Average SCT Total for Non-PEO NEOs (column (d))	$1,702,660
- aggregate change in actuarial present value of pension benefits	$16,219
+ service cost of pension benefits	$7,647
+ prior service cost of pension benefits	$0
- SCT “Stock Awards” column value	$557,260
- SCT “Option Awards” column value	$0
+ year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end,	$577,940
+/- year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end,	$35,593
+ vesting date fair value of equity awards granted and vested in the covered year,	$0
+/- the difference between the fair value as of the end of the prior fiscal year and the vesting date,	$15,793
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year,	$0
+ dollar value of dividends/earnings paid on equity awards in the covered year	$26,681
Average Compensation Actually Paid to Non-PEO NEOs (column (e))	$1,721,649

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

The following table lists the financial performance measure that we believe represents the most important and only financial performance measure we use to link compensation actually paid to our NEOs for fiscal 2024 to our performance:

Consolidated Adjusted Income Before Income Taxes

Total Shareholder Return Amount

^[3]

$ 86.98

87.67

38.61

64.62

92.66

Peer Group Total Shareholder Return Amount

^[3]

192.86

154.93

122.55

152.67

121.27

Net Income (Loss)

$ 31,800,000

$ 7,800,000

$ (14,200,000)

$ (24,800,000)

$ (4,500,000)

Company Selected Measure Amount

^[4]

52,526,000

47,300,000

25,600,000

(18,500,000)

22,600,000

PEO Name

Matthew V. Crawford

Measure [Axis]: 1

Pay vs Performance Disclosure [Table]

Measure Name

Consolidated Adjusted Income Before Income Taxes

PEO [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

$ (11,619)

PEO [Member] | Pension Adjustments Service Cost [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

7,400

PEO [Member] | Pension Adjustments Prior Service Cost [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

PEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(2,279,700)

PEO [Member] | Aggregate Grant Date Fair Value of Option Award Amounts Reported in Summary Compensation Table [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

PEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

2,364,300

PEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(156,400)

PEO [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

PEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

80,622

PEO [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

PEO [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

119,858

Non-PEO NEO [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(16,219)

Non-PEO NEO [Member] | Pension Adjustments Service Cost [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

7,647

Non-PEO NEO [Member] | Pension Adjustments Prior Service Cost [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

Non-PEO NEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

(557,260)

Non-PEO NEO [Member] | Aggregate Grant Date Fair Value of Option Award Amounts Reported in Summary Compensation Table [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

Non-PEO NEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

577,940

Non-PEO NEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

35,593

Non-PEO NEO [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

15,793

Non-PEO NEO [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

Non-PEO NEO [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member]

Pay vs Performance Disclosure [Table]

Adjustment to Compensation Amount

$ 26,681

[1]	For 2024, the values included in this column for the compensation actually paid to our PEO and the average compensation actually paid to our Non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:
[2]	Matthew V. Crawford served as our principal executive officer (“PEO”) for the full year for each of 2024, 2023, 2022, 2021 and 2020. For 2024, 2023, 2022, 2021, and 2020 our non-PEO named executive officers (“NEOs”) were Patrick W. Fogarty and Robert D. Vilsack.
[3]	For each of 2024, 2023, 2022, 2021 and 2020, total shareholder return for the Company and the peer group was calculated as the yearly percentage change in cumulative total shareholder return based on a deemed fixed investment of $100 at market close on December 31, 2019. The yearly percentage change in cumulative total shareholder return was measured as the quotient of (a) the sum of (i) the cumulative amount of dividends for the period from December 31, 2019 through and including the last day of the covered fiscal year (the “Measurement Period”), assuming dividend reinvestment, plus (ii) the difference between stock price per share at the end and the beginning of the Measurement Period, divided by (b) stock price per share at the beginning of the Measurement Period. Each of these yearly percentage changes was then applied to a deemed fixed investment of $100 at the beginning of the Measurement Period to produce the year-end values of such investment as of the end of 2024, 2023, 2022, 2021 and 2020 as applicable. For purposes of this pay versus performance disclosure, our peer group is the NASDAQ U.S. Benchmark TR Index (U.S. companies) (the “Peer Group”). Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.
[4]	Consolidated adjusted income before income taxes is calculated as described in the Executive Compensation Discussion and Analysis section above.

Award Timing Disclosure

12 Months Ended

Dec. 31, 2024

Awards Close in Time to MNPI Disclosures [Table]

Award Timing MNPI Disclosure

Equity Compensation

We have granted equity awards under our 2021 Plan to provide long-term incentive compensation opportunities intended to align the named executive officers’ interests with those of our shareholders, and to attract, retain and reward executive officers.

Our Compensation Committee administers our 2021 Plan. Historically, the Compensation Committee has granted restricted shares under our 2021 Plan but awards under our 2021 Plan also can be made in the form of performance shares, restricted share units, performance units, stock appreciation rights, stock options or stock awards. There is no set formula for the granting of equity awards to named executive officers. Other than for grants of equity awards to our CEO, the Compensation Committee typically considers recommendations from our CEO when considering decisions regarding the grant of equity awards to named executive officers. The Compensation Committee grants equity awards based on its subjective judgment and discretion, and may consider a number of criteria, including the relative rank of the named executive officer, total compensation levels, and the named executive officer’s historical and ongoing contributions to our success based on subjective criteria. Because the Compensation Committee and the CEO in their discretion consider such factors as they deem relevant in determining the named executive officer’s overall equity award, other factors may cause the award in any given year to differ from historical amounts.

We do not have any program, plan or obligation that requires us to grant equity awards on specific dates. We have not made equity grants in connection with the release or withholding of material, non-public information.

For 2024, the Compensation Committee approved a restricted share award for Mr. Matthew Crawford in the amount of 90,000 shares and restricted share awards for Messrs. Fogarty and Vilsack in the amounts of 22,000 shares each. These restricted share awards vest one-third each year over three years.

The Compensation Committee did not perform a formulaic qualitative or quantitative analysis, but instead used its subjective judgment and discretion in determining the amount of the equity awards. Restricted shares were used over stock options because restricted shares serve to reward and retain executives and foster stock ownership, while also minimizing the number of shares granted in aggregate, thereby reducing dilution. In exercising its judgment and discretion, the Compensation Committee was influenced by recommendations from our CEO and motivated by its desire to award each named executive officer equity value that it considered necessary to achieve the shareholder alignment and the attraction, retention and motivation objectives of our compensation program. The Compensation Committee’s review and consideration of each of the named executive officer’s equity grants were of a general nature, rather than identifying and focusing on each individual’s performance relative to specific tasks, projects or accomplishments, or distinguishable qualitative performance goals. The Compensation Committee did not otherwise take into account any specific performance, criteria or achievements relative to qualitative performance goals when making its equity compensation decisions for 2024. In granting the 2024 restricted share awards, the Compensation Committee also considered:

•total compensation levels for each named executive officer in 2022, 2023 and 2024;

•the overall financial performance of the Company for the prior year;

•the value provided by restricted shares versus stock options;

•the value and size of historical grants and the value created from such grants;

•the named executive officer’s current and expected future contributions to the Company; and

•the price of our Common Stock on the date of grant and shares available for grant under the 2021 Plan.

More information about equity awards granted in 2024 to our CEO and our other named executive officers is contained in the “2024 Grants of Plan-Based Awards Table.”

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted [Flag]	true