Form 4: Parker Hannifin Executive Acquires Stock Appreciation Rights
SEC Form 4 Filing
Dinu J. Parel, VP & Chief Digital & Info Officer of Parker Hannifin, acquired 4,870 Stock Appreciation Rights on August 14, 2024.
Summary
- Dinu J. Parel, a VP & Chief Digital & Info Officer at Parker Hannifin Corp, reported a transaction on August 14, 2024.
- Parel acquired 4,870 Stock Appreciation Rights (SARs) at a price of $578.39.
- These SARs vest in three equal annual installments starting August 14, 2025.
- Following the transaction, Parel directly owns 4,870 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of executive compensation in the form of stock appreciation rights.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's acquisition of stock-based compensation, aligning their interests with those of shareholders.
Stakeholder Impact
- The acquisition of Stock Appreciation Rights aligns the executive's interests with those of the shareholders, incentivizing them to increase the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of transaction: Dinu J. Parel acquired Stock Appreciation Rights. |
| 08/14/2025 | First vesting date for the Stock Appreciation Rights in three equal annual installments. |
| 08/13/2034 | Expiration date of the Stock Appreciation Rights. |
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