Form 4: Parker Hannifin Director Jean Savage Reports Acquisition and Disposal of Restricted Stock Units
SEC Filing Form 4
Director Jean Savage reports acquiring 117 Restricted Stock Units and disposing of 10 Common Stock shares held in trust.
Summary
- Jean Savage, a director at Parker Hannifin Corp, filed a Form 4 detailing changes in beneficial ownership.
- On July 10, 2024, Savage acquired 117 Restricted Stock Units (RSUs).
- The RSUs vest on the later of one year from the grant date or the date of the next Annual Shareholders Meeting.
- Savage also disposed of 10 Common Stock shares held in the Jean Savage Trust.
- Following these transactions, Savage continues to beneficially own the RSUs and shares through the trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track potential alignment of interests between management and shareholders.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 07/10/2024 | Date of transaction: Acquisition of Restricted Stock Units and disposal of Common Stock. |
| 07/12/2024 | Date of signature on the Form 4 filing. |
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