Form 4: Parker Hannifin VP & Controller, Angela R. Ives, Reports Stock Transactions
SEC Form 4 Filing
Angela R. Ives, VP & Controller of Parker Hannifin Corp, reports the acquisition and disposal of common stock and stock appreciation rights on November 1, 2024.
Summary
- On November 1, 2024, Angela R. Ives, VP & Controller of Parker Hannifin Corp, engaged in transactions involving the company's common stock and stock appreciation rights.
- These transactions included the acquisition of 450 shares of common stock through the exercise of stock appreciation rights at a price of $158.90.
- Ives also disposed of 263 shares to cover tax obligations at $635.52 per share and sold 187 shares at $635.15 per share.
- Following these transactions, Ives directly owns 2,475 shares of common stock and indirectly owns 481.4 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.
- She also owns 0 stock appreciation rights.
- An amendment to a previous Form 3 filing was noted, correcting an omission of 604 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard SEC filing reporting insider transactions. There's no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among corporate officers. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 01/08/2021 | Original Form 3 filing date. |
| 08/14/2020 | Date stock appreciation rights were granted. |
| 11/01/2024 | Date of reported transactions (acquisition and disposal of shares). |
| 11/05/2024 | Date of the amendment to the Reporting Person's Form 3. |
| 08/13/2029 | Expiration date of stock appreciation rights. |
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