PH Form 4: 4,444 Stock Appreciation Rights awarded to officer
Rhea-AI Filing Summary
Parker-Hannifin officer Berend Bracht received a grant of Stock Appreciation Rights (SARs) on 08/20/2025 covering 4,444 underlying shares of common stock, reported on Form 4. The SARs have an exercise/conversion price of $742.97 and were reported as acquired (code A). The filing states the award vests in three equal annual installments beginning 08/20/2026, with a first vesting date of 08/20/2026 and an expiration date of 08/19/2035. Following the reported transaction, the reporting person beneficially owns 4,444 SARs, held directly.
The Form 4 was signed by an attorney-in-fact on 08/22/2025 and discloses the reporting person’s title as Vice President & President, Motion Systems Group, and relationship as an officer and director. No other cash transactions, dispositions, or additional holdings are disclosed in this filing.
Positive
- Officer granted Stock Appreciation Rights for 4,444 shares, aligning management compensation with shareholder value
- Vesting schedule spreads vesting over three equal annual installments starting 08/20/2026, supporting retention
Negative
- None.
Insights
TL;DR: Officer received a mid-size SAR grant of 4,444 units with a $742.97 strike, vesting over three years—routine executive equity compensation.
The award is structured as Stock Appreciation Rights that convert into 4,444 shares upon exercise, with a conversion price of $742.97 and a long expiration to 08/19/2035. Vesting begins 08/20/2026 in three equal annual installments, indicating retention-focused incentives. This disclosure shows no immediate sale or purchase of underlying shares and is a standard insider compensation event rather than an indicator of material change to capital structure.
TL;DR: The grant aligns executive pay with long-term equity performance via SARs; vesting schedule emphasizes retention.
From a governance perspective, the grant vests over three years starting one year after grant, which is a common retention mechanism. The filing clearly identifies the reporting person as an officer and director and provides requisite timing and terms. No related-party transactions beyond standard compensation are disclosed. The disclosure appears complete for a Form 4 reporting an equity award.