Parker-Hannifin (PH) VP Jacobson reports 1,424-share award and 585-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Parker-Hannifin Corp executive Matthew A. Jacobson, VP & Pres.-Filtration Group, reported routine share-based compensation and related tax withholding. He received a grant of 1,424 shares of common stock at $0.00 per share as a stock award. To cover tax obligations, 585 shares of common stock were withheld at $954.43 per share, reducing the net shares he retained from this event. After these transactions, he directly owned 2,424 common shares, and he indirectly held 285.27 shares through the Parker Retirement Savings Plan. His direct position includes a Restricted Stock Unit award granted on November 1, 2023 that is scheduled to vest on November 1, 2026, indicating part of his reported holdings is unvested equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Jacobson Matthew A.
Role
VP & Pres.-Filtration Grp.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,424 | $0.00 | -- |
| Tax Withholding | Common Stock | 585 | $954.43 | $558K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,424 shares (Direct, null);
Common Stock — 285.27 shares (Indirect, Parker Retirement Savings Plan)
Footnotes (1)
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Key Figures
Stock award: 1,424 shares
Tax-withheld shares: 585 shares
Tax withholding price: $954.43/share
+4 more
7 metrics
Stock award
1,424 shares
Grant/award acquisition of common stock
Tax-withheld shares
585 shares
Shares withheld to cover tax liability
Tax withholding price
$954.43/share
Value used for 585-share tax-withholding disposition
Direct holdings after transactions
2,424 shares
Common stock directly owned following reported transactions
Indirect retirement-plan holdings
285.27 shares
Common stock held via Parker Retirement Savings Plan
RSU grant date
November 1, 2023
Restricted Stock Unit award grant date
RSU vesting date
November 1, 2026
Scheduled vesting date for RSU award
Key Terms
Restricted Stock Unit, tax-withholding disposition, Parker Retirement Savings Plan, grant/award acquisition, +1 more
5 terms
Restricted Stock Unit financial
"Includes the Restricted Stock Unit award, which was granted on November 1, 2023"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"transaction_action": "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.
Parker Retirement Savings Plan financial
"nature_of_ownership": "Parker Retirement Savings Plan""
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transactions did Parker-Hannifin (PH) report for Matthew A. Jacobson?
Parker-Hannifin reported that executive Matthew A. Jacobson received a 1,424-share stock award and had 585 shares withheld to cover tax obligations. These are routine compensation-related transactions, not open-market purchases or sales of Parker-Hannifin common stock.
Was the Parker-Hannifin (PH) Form 4 transaction an open-market sale or purchase?
The Form 4 shows no open-market sale or purchase. Instead, it details a stock award of 1,424 shares and a tax-withholding disposition of 585 shares, where shares were withheld to satisfy tax liabilities rather than sold on the open market.
What is the Restricted Stock Unit award mentioned in the Parker-Hannifin (PH) filing?
The filing notes a Restricted Stock Unit (RSU) award granted on November 1, 2023 that vests on November 1, 2026. This RSU is included in Jacobson’s reported holdings and represents unvested equity that will convert into shares at vesting.