Form 4: Parker Hannifin Executive Reports Stock Transaction

Berend Bracht, a VP at Parker Hannifin, reports a transaction involving common stock due to a withholding upon vesting of restricted stock units.

Summary

• On February 24, 2024, Berend Bracht, VP & President of Motion Systems Group at Parker Hannifin Corp, reported a transaction involving the company's common stock.
• The transaction involved the disposal of 444 shares at a price of $531.07 per share due to a withholding transaction upon the vesting of previously reported restricted stock units.
• Following the transaction, Bracht directly owns 4,756 shares of Parker Hannifin common stock.
• Bracht also indirectly owns 84.15 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 related to executive compensation. 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 the vesting of restricted stock units, which is a common form of executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation and does not indicate a significant change in the company's financial position or outlook.

Key Dates