PH insider Ross Andrew D reports 4,361-share sale; phantom-plan holdings updated
Rhea-AI Filing Summary
Ross Andrew D, President & Chief Operating Officer of Parker-Hannifin Corporation (PH), reported sales of common stock on 08/08/2025. The Form 4 shows two sales totaling 4,361 shares (4,242 and 119 shares) at reported weighted-average prices of $732.64 and $733.20; footnotes state the individual sale prices ranged from $732.16–$733.14 and $733.17–$733.21 respectively.
The filing also discloses indirect holdings: 404 shares held by the reporting person's sons and 3,764.02 phantom-share equivalents in the Parker Retirement Savings Plan. The filer adjusted prior reporting to remove 708.37 phantom shares that are cash-settled and payable after separation from service. The Form 4 was filed by one reporting person and includes an explicit offer to provide detailed per-transaction price information on request.
Positive
- Form 4 provides detailed pricing ranges and weighted-average prices with an undertaking to supply per-trade details on request, enhancing transparency
- Filing clarifies phantom-share reporting by removing 708.37 cash-settled phantom shares from Table I and explaining their settlement terms, improving accuracy
Negative
- Insider sales of common stock totaling 4,361 shares (4,242 and 119 shares) were reported, which reduces the reporting person’s direct holdings
- Sales executed at high prices (~$732.64 and $733.20) may be viewed negatively by some investors, though no further context is provided in the filing
Insights
TL;DR: Routine disclosure of insider sales totaling 4,361 shares at ~ $733, with retained indirect and phantom-plan holdings.
The Form 4 reports two block sales executed on 08/08/2025 for a total of 4,361 common shares by Ross Andrew D, using weighted-average prices disclosed in footnotes and offering to provide per-trade pricing details on request. The filing separately documents 404 shares held by his sons and 3,764.02 phantom-share equivalents in the Parker Retirement Savings Plan, and clarifies that 708.37 phantom shares were reclassified because they are cash-settled. For investors, this is clear, compliant insider activity disclosure; it does not by itself indicate company operational change or material governance concern.
TL;DR: Disclosure is complete and transparent; sale specifics and phantom-share correction improve reporting clarity.
The filing includes weighed-average sale prices and footnote ranges, plus an explicit undertaking to provide granular per-trade details if requested, which supports transparency. The correction removing 708.37 phantom shares from Table I and noting their cash-settled nature reduces potential reporting ambiguity about beneficial ownership. While insider sales are noteworthy, the document presents no indication of unusual timing, special plan-driven disposition, or other governance red flags based solely on the information provided.