Form 4: Parker Hannifin VP Berend Bracht Sells 850 Shares

Berend Bracht, VP & President of Motion Systems Group at Parker Hannifin Corp, sold 850 shares of common stock at a price of $592.92 on August 26, 2024.

Summary

• On August 26, 2024, Berend Bracht, a VP & President at Parker Hannifin Corp, sold 850 shares of the company's common stock.
• The sale price was $592.92 per share.
• Following the transaction, Bracht directly owns 3,350 shares of Parker Hannifin Corp.
• Bracht also indirectly owns 84.65 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The sale of shares by a company executive may be perceived by stakeholders as a lack of confidence in the company's future performance, although it could also be due to personal financial planning.

Key Dates