Form 4: Parker Hannifin Executive Jay Reidy Reports Stock Transaction
SEC Form 4 Filing
Jay Reidy, VP & President of Aerospace Group at Parker Hannifin, reports a transaction involving common stock due to withholding upon vesting of restricted stock units.
Summary
- On February 24, 2024, Jay Reidy, VP & President-Aerospace Grp. of Parker Hannifin Corp, reported a transaction involving the company's common stock.
- The transaction involved the disposal of 243 shares at a price of $531.07 per share.
- This disposal was due to a withholding transaction that occurred upon the vesting of previously reported restricted stock units.
- Following the transaction, Reidy directly owns 803 shares of common stock and indirectly owns 184.7 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain information that would significantly impact investor sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard executive compensation-related activity.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of stock transaction |
| 02/27/2024 | Date of signature on the report |
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