Parker-Hannifin VP gets stock award, tax shares withheld
Parker-Hannifin Corp reporting officer Mark T. Czaja, VP & Chief Technology & Innovation Officer, reported compensation-related stock movements.
Rhea-AI Filing Summary
Parker-Hannifin Corp reporting officer Mark T. Czaja, VP & Chief Technology & Innovation Officer, reported compensation-related stock movements. He received a grant of 3,580 shares of common stock as an award, increasing his directly held shares to 8,642.
On the same date, 1,421 shares were disposed of as a tax-withholding transaction, not an open-market sale, at a reported price of $954.43 per share. He also indirectly holds 1,506.91 shares through the Parker Retirement Savings Plan. A footnote states that 546.85 phantom shares in a Savings Restoration Plan, which are cash-settled equivalents of common stock, are now reported separately.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Czaja Mark T
Role
VP & Chief Tech. & Innov. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,580 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,421 | $954.43 | $1.36M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,221 shares (Direct);
Common Stock — 1,506.91 shares (Indirect, Parker Retirement Savings Plan)
Footnotes (1)
- F1. The balance has been updated to no longer include 546.85 shares of phantom stock in the Savings Restoration Plan that have historically been reported in Table I but instead were reportable in Table II. Each share of phantom stock that was acquired under the Savings Restoration Plan is the economic equivalent of one common share and is settled in cash. The shares of phantom stock generally become payable following the reporting person's separation from service.
Key Figures
Stock award: 3,580 shares
Tax-withheld shares: 1,421 shares
Tax-withholding price: $954.43 per share
+3 more
6 metrics
Stock award
3,580 shares
Grant of common stock to officer on 2026-04-22
Tax-withheld shares
1,421 shares
Shares withheld for tax obligations, code F
Tax-withholding price
$954.43 per share
Value used for 1,421-share tax disposition
Direct holdings after transactions
8,642 shares
Common stock directly owned following Form 4 events
Indirect retirement plan holdings
1,506.91 shares
Held via Parker Retirement Savings Plan
Phantom stock adjustment
546.85 phantom shares
Reclassified to be reported separately in appropriate table
Key Terms
Parker Retirement Savings Plan, phantom stock, Savings Restoration Plan, tax-withholding disposition, +1 more
5 terms
Parker Retirement Savings Plan financial
"indirect or indirect: "I", nature_of_ownership: "Parker Retirement Savings Plan""
phantom stock financial
"no longer include 546.85 shares of phantom stock in the Savings Restoration Plan"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Savings Restoration Plan financial
"phantom stock in the Savings Restoration Plan that have historically been reported"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 1,421 shares"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Parker-Hannifin (PH) report for Mark T. Czaja?
Mark T. Czaja reported a stock award and related tax withholding. He received 3,580 shares of Parker-Hannifin common stock as a grant and had 1,421 shares withheld to cover tax obligations, all on the same reported transaction date.
Was the Parker-Hannifin (PH) insider transaction an open-market sale?
No, the filing shows a tax-withholding disposition, not an open-market sale. The 1,421 shares with code “F” were withheld to satisfy tax or exercise obligations, which is a routine, non-market transaction commonly associated with equity compensation.
What is the significance of the phantom stock mentioned in the Parker-Hannifin (PH) filing?
The filing clarifies reporting for phantom stock in a Savings Restoration Plan. It notes that 546.85 phantom shares, which are cash-settled equivalents of common stock, will now be reported separately rather than within the main common stock holdings table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
