Form 4: Parker-Hannifin VP Exercises SARs, Sells Shares

Parker-Hannifin's VP & President of Aerospace Group, Jay Reidy, exercised stock appreciation rights and subsequently sold a portion of the acquired shares.

Summary

• Jay Reidy, VP & President of Aerospace Group at Parker-Hannifin Corp (PH), reported transactions on November 12, 2025.
• Reidy exercised 1,080 Stock Appreciation Rights (SARs) at an exercise price of $296 per share.
• Following the exercise, Reidy disposed of 689 shares of common stock at $863.62 per share to cover tax withholding obligations.
• Additionally, Reidy sold 391 shares of common stock at a weighted average price of $863.62 per share, with individual sales ranging from $863.61 to $864.56.
• After these transactions, Reidy directly beneficially owns 2,083 shares of common stock and indirectly owns 167.97 shares through the Parker Retirement Savings Plan.
• The filing noted an update to the balance, no longer including 19.83 shares of phantom stock from the Savings Restoration Plan in Table I, as they are now reportable in Table II (cash-settled equivalent to common shares).

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (exercise of SARs and subsequent sale of shares for tax and other purposes), which are generally neutral in sentiment unless the scale or nature of the transactions is unusual. This appears to be a standard compensation-related event.

Positives

• Jay Reidy exercised 1,080 Stock Appreciation Rights (SARs) at an exercise price of $296, indicating the realization of value from long-term incentives.

Negatives

• Jay Reidy sold a total of 1,080 shares of common stock (689 for tax withholding and 391 open market sales), representing a reduction in direct beneficial ownership.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Industry Context

This is a routine insider transaction filing and does not provide specific industry context or relate to broader industry trends.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive could be perceived as a minor signal, but given the context of SAR exercise and tax withholding, it is likely a routine event with minimal impact.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Parker-Hannifin, PH, insider trading, Form 4, stock appreciation rights, SARs, executive compensation, share sale