Form 4: Parker-Hannifin Executive Jay Reidy Reports Stock Transactions
SEC Form 4 Filing
Jay Reidy, VP & President of Aerospace Group at Parker-Hannifin Corp, reports transactions involving common stock and stock appreciation rights.
Summary
- On May 19, 2025, Jay Reidy executed several transactions involving Parker-Hannifin Corp's common stock.
- These transactions included the exercise of stock appreciation rights, disposition of shares to cover tax obligations, and a sale of shares on the open market.
- Specifically, 1,310 shares were acquired through the exercise of stock appreciation rights at a price of $209.56.
- 813 shares were disposed of to satisfy tax withholding obligations at a price of $673.09.
- Additionally, 497 shares were sold at $675.62.
- Following these transactions, Reidy directly owns 2,083 shares and indirectly owns 187.2 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions are routine and do not indicate any specific positive or negative outlook on the company's performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors to gauge management's sentiment about the company's future prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options and stock appreciation rights to align management's interests with those of shareholders.
- The exercise and sale of shares are typical activities, with executives often selling shares to cover tax obligations or diversify their holdings.
- Comparing Reidy's transactions to those of executives at similar companies like Eaton Corporation or Honeywell International could provide further context.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are part of standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 08/12/2021 | Date exercisable for Stock Appreciation Rights |
| 08/11/2030 | Expiration date for Stock Appreciation Rights |
| 05/19/2025 | Date of earliest transaction |
| 05/21/2025 | Date of signature |
Keywords
Form 4, Parker-Hannifin, Stock Appreciation Rights, Stock Transactions, Executive Compensation, Insider Trading, Jay Reidy, PH
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