Parker-Hannifin (NYSE: PH) EVP Leonti gets stock grant, covers taxes with shares
Rhea-AI Filing Summary
Parker-Hannifin Corp executive Joseph R. Leonti reported routine equity compensation and related tax withholding transactions. He received a grant or award of 4,546 shares of common stock, increasing his direct holdings to 18,424 shares. Separately, 1,834 shares were disposed of to cover tax obligations at a price of $954.43 per share, a tax-withholding mechanism rather than an open-market sale. He also has 428.71 shares held indirectly through the Parker Retirement Savings Plan.
Positive
- None.
Negative
- None.
Insights
Routine share grant with tax withholding; no open-market trading.
Executive Joseph R. Leonti, EVP, General Counsel & Secretary of Parker-Hannifin, reported a grant of 4,546 common shares and a related tax-withholding disposition of 1,834 shares at $954.43 per share. These events reflect compensation and tax mechanics, not discretionary market buying or selling.
The filing shows his direct holdings at 18,424 shares after the grant and tax withholding, plus 428.71 shares held indirectly through the Parker Retirement Savings Plan. With no derivative positions listed and no open-market trades, this looks like standard equity compensation activity.
Because the disposition is coded as a tax-withholding event rather than a sale, and the grant increases his overall equity exposure, the informational content for outside investors is limited and does not by itself suggest a change in his view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,546 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,834 | $954.43 | $1.75M |
| holding | Common Stock | -- | -- | -- |