Form 4: Parker Hannifin Executive Acquires Stock Appreciation Rights
SEC Form 4 Filing
Thomas C. Gentile, VP-Global Supply Chain at Parker Hannifin Corp, acquired 2,300 stock appreciation rights at a price of $578.39 on August 14, 2024.
Summary
- On August 14, 2024, Thomas C. Gentile, VP-Global Supply Chain at Parker Hannifin Corp, acquired 2,300 stock appreciation rights.
- The price of the stock appreciation rights was $578.39.
- These rights vest in three equal annual installments starting August 14, 2025.
- Following the transaction, Gentile directly owns 2,300 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an executive's acquisition of stock appreciation rights, indicating a neutral sentiment.
Industry Context
This is a routine disclosure of insider transactions, common for executives receiving stock-based compensation as part of their overall remuneration package.
Stakeholder Impact
- The acquisition of stock appreciation rights by a company executive can be seen as a positive sign by shareholders, aligning management's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of transaction: Thomas C. Gentile acquired 2,300 stock appreciation rights. |
| 08/14/2025 | First vesting date: The Stock Appreciation Rights award vests in three equal annual installments beginning on this date. |
| 08/13/2034 | Expiration date of the Stock Appreciation Rights. |
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