Form 4: Parker Hannifin Executive Rachid Bendali Reports Stock Transactions
SEC Form 4 Filing
Rachid Bendali, VP & President of Engineering Materials Group at Parker Hannifin, reports acquisition and disposal of company stock on April 24, 2024.
Summary
- On April 24, 2024, Rachid Bendali, a VP & President at Parker Hannifin Corp, acquired 1,980 shares of common stock.
- On the same day, Bendali disposed of 736 shares of common stock at a price of $546.35.
- Following these transactions, Bendali directly owns 3,215 shares of common stock.
- Bendali also indirectly owns 42.17 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an executive, and does not inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice among publicly traded companies to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 04/24/2024 | Date of stock acquisition and disposal transactions. |
| 04/26/2024 | Date of signature on the report. |
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