Parker-Hannifin (NYSE: PH) EVP receives 4,467-share award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Parker-Hannifin Corp executive Mark J. Hart, EVP-HR & External Affairs, reported routine equity compensation changes in company common stock.
He received a grant of 4,467 shares at a stated price of $0.00 per share, described as a grant or award acquisition. In a separate entry, 1,970 shares were disposed of at $954.43 per share as a tax-withholding disposition, meaning shares were withheld to satisfy tax or exercise obligations rather than sold in the open market.
The filing also shows 669.52 shares held indirectly through the Parker Retirement Savings Plan. Direct ownership following these transactions is reported as 9,560 shares in one line and 11,530 shares in another, reflecting holdings after the respective events.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hart Mark J
Role
EVP-HR & External Affairs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,467 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,970 | $954.43 | $1.88M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,530 shares (Direct, null);
Common Stock — 669.52 shares (Indirect, Parker Retirement Savings Plan)
Footnotes (1)
Key Figures
Awarded shares: 4,467 shares
Award price: $0.00 per share
Tax-withheld shares: 1,970 shares
+4 more
7 metrics
Awarded shares
4,467 shares
Grant/award acquisition of common stock
Award price
$0.00 per share
Stated price for 4,467-share grant
Tax-withheld shares
1,970 shares
Shares delivered for tax liability
Tax-withholding price
$954.43 per share
Price applied to 1,970 withheld shares
Direct holdings after disposition
9,560 shares
Direct common stock after tax-withholding entry
Direct holdings after grant
11,530 shares
Direct common stock after grant entry
Indirect retirement holdings
669.52 shares
Common stock in Parker Retirement Savings Plan
Key Terms
tax-withholding disposition, grant/award acquisition, Parker Retirement Savings Plan, indirect ownership
4 terms
tax-withholding disposition financial
"1,970 shares were disposed at $954.43 per share as a tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
grant/award acquisition financial
"He received a grant of 4,467 shares at a stated price of $0.00 per share, described as a grant or award acquisition"
Parker Retirement Savings Plan financial
"The filing also shows 669.52 shares held indirectly through the Parker Retirement Savings Plan"
indirect ownership financial
"669.52 shares held indirectly through the Parker Retirement Savings Plan"
FAQ
What insider transactions did Parker-Hannifin (PH) report for Mark J. Hart?
Parker-Hannifin EVP Mark J. Hart reported a grant of 4,467 common shares and a tax-related share disposition. The filing shows compensation-related share awards and withholding, not open-market buying or selling, reflecting routine equity compensation activity rather than a directional market bet.
Was the Parker-Hannifin (PH) Form 4 an open-market stock sale?
No, the Form 4 shows a tax-withholding disposition of 1,970 shares at $954.43, not an open-market sale. Shares were delivered to cover tax or exercise obligations, which is a mechanical process and does not represent discretionary selling in the market.