Form 4: Parker Hannifin Executive Acquires Stock Appreciation Rights

Robert W. Malone, VP & President-Filtration Grp. of Parker Hannifin Corp, acquired stock appreciation rights.

Summary

• Robert W. Malone, a VP & President-Filtration Grp. at Parker Hannifin Corp, reported a transaction involving derivative securities.
• On August 14, 2024, Malone acquired 4,870 Stock Appreciation Rights (SARs) at a price of $578.39.
• These SARs are exercisable beginning August 14, 2025, in three equal annual installments, and expire on August 13, 2034.
• Following the transaction, Malone directly owns 4,870 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation, and does not inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of executive compensation in the form of stock appreciation rights, which is a common practice in publicly traded companies to align executive interests with shareholder value.

Comparison to Industry Standards

• Stock Appreciation Rights are a common form of executive compensation, similar to stock options, used by companies like General Electric, Siemens, and Honeywell to incentivize performance.
• The vesting schedule of three equal annual installments is also a standard practice.
• The specific value and number of SARs granted would need to be compared to industry benchmarks and Parker Hannifin's compensation policies to assess its relative significance.

Stakeholder Impact

• The acquisition of stock appreciation rights by a company executive can align their interests with those of shareholders, potentially incentivizing actions that increase shareholder value.

Key Dates