Form 4: Parker-Hannifin Executive Sells Shares After SAR Exercise

A Parker-Hannifin executive exercised stock appreciation rights and subsequently sold a portion of the resulting common stock.

Summary

• Berend Bracht, VP & President of Motion Systems Group at Parker-Hannifin Corp, exercised 3,370 Stock Appreciation Rights (SARs) on November 12, 2025.
• The SARs were exercised at a price of $296 per share, resulting in the acquisition of 3,370 shares of common stock.
• Following the exercise, Bracht disposed of a total of 5,648 shares of common stock through various transactions.
• This included the disposition of 2,141 shares at $860 per share, likely for tax withholding purposes (transaction code 'F').
• Additionally, 1,229 shares were sold on the open market at $863.75 per share.
• Another 2,278 shares were sold on the open market at a weighted average price of $865.03 per share, with prices ranging from $865.00 to $865.53.
• After all reported transactions, Bracht's direct beneficial ownership of Parker-Hannifin common stock stands at 2,580 shares.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the exercise of stock appreciation rights and subsequent sale of shares, which is a common compensation event and does not inherently indicate a positive or negative outlook for the company's operational performance or strategic direction.

Positives

• The executive realized a significant gain by exercising Stock Appreciation Rights at $296 and selling the resulting common stock at prices ranging from $860 to $865.53.

Negatives

• The executive reduced their direct beneficial ownership in Parker-Hannifin Corp by 5,648 shares following the transactions.

Future Outlook

This Form 4 filing reports past insider transactions and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing details a routine insider transaction for an executive at Parker-Hannifin, a global leader in motion and control technologies. Such transactions are common for executives managing their compensation and do not inherently reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction represents a reduction in direct insider ownership, which is a common occurrence for executive compensation but may be noted by investors monitoring insider alignment.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the reported ranges.

Key Dates

Recommendation

The filing details a routine insider transaction where an executive exercised stock appreciation rights and sold a portion of the resulting shares. This is a common event related to executive compensation and does not provide sufficient new information to alter the fundamental investment thesis for Parker-Hannifin. Investors should continue to hold based on broader company performance and market conditions, rather than this specific insider transaction.

Keywords

Parker-Hannifin, PH, Insider Transaction, Form 4, Stock Sale, Executive Compensation, Stock Appreciation Rights, SARs