Form 4: Parker Hannifin Executive Rachid Bendali Reports Stock Transaction
SEC Form 4 Filing
Rachid Bendali, VP & President of Engineering Materials Group at Parker Hannifin, reported a transaction involving common stock on February 24, 2024.
Summary
- On February 24, 2024, Rachid Bendali, a VP & President at Parker Hannifin Corp, reported a transaction involving the company's common stock.
- The transaction involved the disposal of 230 shares of common stock 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, Bendali directly owns 1,971 shares of Parker Hannifin common stock.
- Bendali also indirectly owns 42.05 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard withholding procedure related to vested stock units.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of the stock transaction |
| 02/27/2024 | Date of signature on the Form 4 filing |
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