Form 4: Parker-Hannifin CFO's Latest Stock Holdings
Insider Transaction Report
Parker-Hannifin Corp's EVP & CFO, Todd M. Leombruno, reported changes in his beneficial ownership of common stock and phantom stock units.
Summary
- Todd M. Leombruno, Executive Vice President and Chief Financial Officer of Parker-Hannifin Corp (PH), filed a Form 4 detailing changes in his beneficial ownership of company securities.
- Direct ownership of Common Stock is 20,610 shares.
- Indirect ownership of Common Stock is 3,593.42 shares through the Parker Retirement Savings Plan.
- The Common Stock award balance was updated to no longer include units from the Savings Restoration Plan and Deferred Compensation Plan.
- Leombruno acquired phantom stock units monthly from January 2023 through July 2024.
- Each phantom stock unit is the economic equivalent of one share of common stock, settled in cash, and generally becomes payable following separation from service.
- Total phantom stock beneficially owned is 262.72 units as of July 15, 2024.
- Holdings as of the reportable transaction date include additional acquisitions through dividend reinvestment.
Sentiment
Score: 5
Explanation: Neutral. This is a routine regulatory filing detailing changes in an executive's beneficial ownership, with no explicit positive or negative financial or operational news.
Positives
- Ongoing acquisition of phantom stock units by a key executive, indicating continued alignment with company performance and long-term incentives.
- Phantom stock units are tied to common stock value, providing an incentive for the executive to contribute to the company's long-term growth.
- Holdings include additional acquisitions through dividend reinvestment, suggesting a long-term investment perspective from the executive.
Future Outlook
This Form 4 filing primarily reports historical insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing is a standard regulatory disclosure of insider stock transactions and does not provide information relevant to broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding executive stock ownership and alignment of interests.
- Employees: No direct impact beyond the executive's compensation structure.
- Customers/Suppliers/Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 01/13/2023 | Earliest reported transaction date for phantom stock acquisition. |
| 02/15/2023 | Phantom stock acquisition date. |
| 03/15/2023 | Phantom stock acquisition date. |
| 04/14/2023 | Phantom stock acquisition date. |
| 05/15/2023 | Phantom stock acquisition date. |
| 06/15/2023 | Phantom stock acquisition date. |
| 07/14/2023 | Phantom stock acquisition date. |
| 08/15/2023 | Phantom stock acquisition date. |
| 09/15/2023 | Phantom stock acquisition date. |
| 10/13/2023 | Phantom stock acquisition date. |
| 11/15/2023 | Phantom stock acquisition date. |
| 12/15/2023 | Phantom stock acquisition date. |
| 01/12/2024 | Phantom stock acquisition date. |
| 02/15/2024 | Phantom stock acquisition date. |
| 03/15/2024 | Phantom stock acquisition date. |
| 04/15/2024 | Phantom stock acquisition date. |
| 05/15/2024 | Phantom stock acquisition date. |
| 06/14/2024 | Phantom stock acquisition date. |
| 07/15/2024 | Latest reported transaction date for phantom stock acquisition. |
| 08/07/2025 | Filing date of the Form 4. |
Keywords
Parker-Hannifin, PH, SEC Form 4, Insider Trading, Beneficial Ownership, Executive Compensation, Phantom Stock, Todd M. Leombruno, Common Stock
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