Form 4: Parker Hannifin VP Berend Bracht Sells Shares in May 2024
SEC Form 4
Berend Bracht, VP & President of Motion Systems Group at Parker Hannifin Corp, sold shares of common stock in early May 2024.
Summary
- Berend Bracht, a VP at Parker Hannifin Corp, reported the sale of company common stock.
- On May 3, 2024, he sold 1,200 shares at a weighted average price of $539.36.
- The price range for these shares was between $539.36 and $539.49.
- On May 6, 2024, he sold 1,079 shares at $548.85.
- Following these transactions, Bracht directly owns 4,200 shares and indirectly owns 84.38 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.
Sentiment
Score: 5
Explanation: Neutral. This is a standard SEC filing related to stock sales by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Sale of 1,200 shares of common stock at a weighted average price of $539.36. |
| 05/06/2024 | Sale of 1,079 shares of common stock at $548.85. |
| 05/07/2024 | Date of signature by Attorney-In-Fact. |
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