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

Sentiment:

Insider Transaction Report 4 February 2026 4:30 PM

Parker-Hannifin VP Matthew A. Jacobson exercised stock appreciation rights and sold common stock, adjusting his direct beneficial ownership.

Summary

Matthew A. Jacobson, VP & Pres.-Filtration Grp. at Parker-Hannifin Corp, reported transactions on February 2, 2026.
Exercised 970 Stock Appreciation Rights (SARs) at an exercise price of $166.49, acquiring 970 shares of Common Stock.
Disposed of 406 shares of Common Stock at $949.57 for tax withholding purposes.
Sold 564 shares of Common Stock at $949.94.
Following these transactions, direct beneficial ownership is 1,000 shares of Common Stock.
Indirectly owns 274.18 shares of Common Stock through the Parker Retirement Savings Plan.
A Restricted Stock Unit (RSU) award granted on November 1, 2023, vests on November 1, 2026. A previous Form 3 incorrectly reported a vesting date of November 30, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation, involving both the exercise of stock appreciation rights and subsequent share sales for tax and personal reasons.

Positives

Matthew A. Jacobson exercised 970 Stock Appreciation Rights, indicating a positive valuation of the company's stock.

Negatives

Matthew A. Jacobson sold 564 shares of Common Stock at $949.94, reducing his direct beneficial ownership.
Disposed of 406 shares for tax withholding, which is a common practice but reduces direct holdings.

Future Outlook

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales, can sometimes be interpreted in various ways. While the exercise of SARs indicates a positive view on the stock's appreciation, the subsequent sale of shares, even if partially for tax purposes, reduces the insider's direct stake. This is a routine compensation event for executives.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Correction of Vesting Date	Corrected a typographical error in a previously filed Form 3 regarding the vesting date of a Restricted Stock Unit award from November 30, 2026, to November 1, 2026.	02/02/2026	Ensures accuracy in executive compensation disclosures, minor administrative correction.

Stakeholder Impact

Shareholders: Provides transparency on executive stock ownership and trading activity.

Key Dates

Date	Description
08/15/2019	Date Stock Appreciation Rights became exercisable.
11/01/2023	Date Restricted Stock Unit award was granted.
07/11/2025	Date Form 3 was filed with a typographical error regarding RSU vesting.
02/02/2026	Date of reported transactions (SAR exercise, stock disposal for tax, stock sale).
02/04/2026	Date Form 4 was signed.
11/01/2026	Corrected vesting date for Restricted Stock Unit award.
08/14/2028	Expiration date of Stock Appreciation Rights.

Recommendation

hold

This Form 4 details a routine insider transaction where an executive exercised stock appreciation rights and subsequently sold shares, partly for tax purposes. Such transactions are common and typically do not signal a fundamental change in the company's prospects or warrant a change in investment thesis. Therefore, a "hold" recommendation is appropriate as this filing alone does not provide new information to justify buying or selling.

Keywords

Parker-Hannifin, PH, Form 4, Insider Trading, Stock Appreciation Rights, SARs, Common Stock, Executive Compensation, Matthew A. Jacobson

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