PH.NYSEParker Hannifin CORP

Form 4: Parker Hannifin EVP Acquires Stock Appreciation Rights

Sentiment:

SEC Form 4 Filing

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Mark J. Hart, EVP-HR & External Affairs at Parker Hannifin Corp, acquired 4,870 Stock Appreciation Rights on August 14, 2024.

Summary

  • Mark J. Hart, an Executive Vice President at Parker Hannifin Corp, reported a transaction involving Stock Appreciation Rights (SARs).
  • On August 14, 2024, Hart acquired 4,870 SARs at a price of $578.39.
  • These SARs are linked to Parker Hannifin's common stock, with each SAR representing the right to receive the appreciation in value of one share.
  • The SARs vest in three equal annual installments starting August 14, 2025, and expire on August 13, 2034.
  • Following the transaction, Hart directly owns 4,870 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, allowing investors to track management's alignment with shareholder interests. This is a standard practice across publicly traded companies.

Stakeholder Impact

  • The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.

Key Dates

DateDescription
08/14/2024Date of transaction: Mark J. Hart acquired 4,870 Stock Appreciation Rights.
08/14/2025First vesting date: The Stock Appreciation Rights award vests in three equal annual installments beginning on this date.
08/13/2034Expiration date: The Stock Appreciation Rights expire on this date.

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