Form 4: Parker Hannifin Director Joseph Scaminace Reports Stock Sale and Amended Holdings

Director Joseph Scaminace reported selling 1,751 shares of Parker Hannifin Corp stock at $589.73 per share and disclosed an adjustment to previously reported holdings due to an arithmetic error.

Summary

• On August 15, 2024, Joseph Scaminace, a director of Parker Hannifin Corp, sold 1,751 shares of common stock at a price of $589.73 per share.
• Following the transaction, Scaminace directly owns 457 shares and indirectly owns 3,900 shares through the Joseph Scaminace Revocable Trust.
• The report also includes a correction to previous filings, noting that 656 shares were inadvertently omitted from a Form 4 filed on November 10, 2022, and subsequent filings due to an arithmetic error.
• Scaminace directly and indirectly owns 4,357 shares of common stock as of the filing date.
• The report also mentions the grant of 453 Restricted Stock Units in October 2023, which will vest in October 2024, and 4 shares acquired through a dividend reinvestment plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock transaction and a correction of a previous error. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The stock sale by a director could be perceived neutrally or slightly negatively by shareholders, depending on their interpretation of the director's motives.
• The correction of the arithmetic error ensures accurate reporting and transparency, which is beneficial for stakeholders.

Key Dates