Form 4: Parker Hannifin Executive Jay Reidy Reports Stock Transactions
SEC Form 4
Jay Reidy, VP & President of Aerospace Group at Parker Hannifin, reports the acquisition and disposal of common stock and stock appreciation rights on May 3, 2024.
Summary
- On May 3, 2024, Jay Reidy, a VP & President at Parker Hannifin Corp, engaged in multiple transactions involving the company's common stock and stock appreciation rights.
- Reidy acquired 323 shares of common stock at $166.49 and 973 shares at $158.9 through the exercise of stock appreciation rights.
- He also disposed of 724 shares, with a value of $530.68, and 572 shares at $536.49.
- Following these transactions, Reidy directly owns 1,137 shares of common stock and indirectly owns 184.76 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.
- He also holds 0 Stock Appreciation Rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any explicit positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and regulated to ensure transparency in the market. It provides insight into the actions of company executives but doesn't necessarily indicate a broader trend within the industry.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 08/15/2018 | Date exercisable for 323 Stock Appreciation Rights |
| 08/14/2019 | Date exercisable for 973 Stock Appreciation Rights |
| 05/03/2024 | Date of transactions involving common stock and stock appreciation rights |
| 05/07/2024 | Date of signature by Attorney-In-Fact |
| 08/14/2028 | Expiration date for 323 Stock Appreciation Rights |
| 08/13/2029 | Expiration date for 973 Stock Appreciation Rights |
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