Form 4: Parker Hannifin CEO Acquires Stock Appreciation Rights
SEC Filing
Jennifer A. Parmentier, CEO of Parker Hannifin Corp, reports acquisition of stock appreciation rights.
Summary
- Jennifer A. Parmentier, Chief Executive Officer of Parker Hannifin Corp, filed a Form 4 with the SEC.
- The filing reports the acquisition of 32,930 stock appreciation rights on August 14, 2024, at a price of $578.39.
- These rights vest in three equal annual installments beginning August 14, 2025.
- Following the transaction, Parmentier directly owns 32,930 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting a transaction. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of key personnel.
Stakeholder Impact
- The acquisition of stock appreciation rights aligns the CEO's interests with those of the shareholders, incentivizing her to increase the company's value.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of transaction: Acquisition of stock appreciation rights. |
| 08/14/2025 | First vesting date for the stock appreciation rights. |
| 08/13/2034 | Expiration date of the stock appreciation rights. |
| 08/16/2024 | Date of filing. |
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