Form 4: Parker Hannifin VP Reports Stock Transaction Following Vesting of Restricted Stock Units

Parker Hannifin's VP & President of Fluid Connectors, Patrick Scott, reports a transaction involving common stock due to the vesting of restricted stock units.

Summary

• On February 24, 2024, Patrick Scott, VP & President-Fluid Conn. at Parker Hannifin Corp, reported a transaction involving the company's common stock.
• The transaction involved the disposal of 340 shares at a price of $531.07 per share.
• This disposal was due to a withholding transaction that occurred upon the vesting of previously reported restricted stock units.
• Following the reported transaction, Scott directly owns 2,880 shares of Parker Hannifin common stock.
• Scott also indirectly owns 141.47 shares through the Parker Retirement Savings Plan and Savings Restoration Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations, a common practice in executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation and does not significantly alter the company's financial position.

Key Dates