Form 4: Parker Hannifin CEO Jennifer Parmentier Reports Stock Transactions
SEC Form 4 Filing
Jennifer Parmentier, CEO of Parker Hannifin, reports the acquisition and disposal of company stock and stock appreciation rights on November 6, 2024.
Summary
- On November 6, 2024, Jennifer A. Parmentier, CEO of Parker Hannifin Corp, engaged in transactions involving the company's stock and stock appreciation rights.
- Parmentier exercised stock appreciation rights, acquiring 11,390 shares of common stock at a price of $158.9.
- Following the exercise, Parmentier disposed of shares to cover tax obligations and for personal financial management.
- A total of 6,484 shares were disposed of at $703.15 per share, 4,846 shares were sold at an average price of $704.68, and 60 shares were sold at $705.28.
- After these transactions, Parmentier directly owns 33,607 shares of Parker Hannifin common stock.
- Parmentier also indirectly owns 404 shares held by children and 1,242.25 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and portfolio management.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor executive sentiment and potential alignment with shareholder interests.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis.
- Comparing Parmentier's transactions to those of executives at similar industrial companies like Eaton or Emerson Electric could provide context.
- Analyzing the ratio of stock acquisitions to disposals can indicate management's confidence in the company's future performance.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- Transparency in insider trading activity can foster investor confidence.
Key Dates
| Date | Description |
|---|---|
| 08/14/2020 | Date stock appreciation rights were exercisable |
| 08/13/2029 | Expiration date of stock appreciation rights |
| 11/06/2024 | Date of stock and derivative security transactions |
| 11/08/2024 | Date of signature on the Form 4 filing |
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