Form 4: Parker Hannifin VP & Controller, Angela R. Ives, Reports Gift of Shares

Angela R. Ives, VP & Controller at Parker Hannifin, reported a gift of 20 common stock shares to her children.

Summary

• Angela R. Ives, a VP & Controller at Parker Hannifin, filed a Form 4 with the SEC.
• The filing reports a transaction on December 9, 2024, where Ms. Ives gifted 20 shares of Parker Hannifin common stock to her children.
• The gift was made at a price of $0 per share.
• Following the transaction, Ms. Ives directly owns 2,455 shares and indirectly owns 482.42 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.
• Additionally, 20 shares are indirectly owned by her children.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine insider transaction, with no significant positive or negative implications for the company's performance.

Industry Context

This is a routine SEC filing related to insider transactions and is common for corporate officers.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC to ensure transparency in stock transactions.
• The gift of shares is a common transaction type reported in Form 4 filings.
• The reporting of both direct and indirect ownership is consistent with SEC regulations.

Related Party Transactions

• The gift of shares to Ms. Ives' children is a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small gift of shares by an officer.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, SEC Filing, Parker Hannifin, Insider Trading, Stock Gift, Beneficial Ownership, Angela R. Ives