Parker-Hannifin (PH) COO Receives 9,292 SARs; Vesting Over 3 Years
Rhea-AI Filing Summary
Parker-Hannifin Corp insider Ross Andrew D, identified as Chief Operating Officer, received a grant of 9,292 Stock Appreciation Rights (SARs) on 08/20/2025 with an exercise price of $742.97. The SARs are exercisable beginning 08/20/2026 and expire on 08/19/2035. The award vests in three equal annual installments beginning 08/20/2026. The filing reports the award as a direct beneficial ownership of 9,292 underlying shares following the transaction. The Form 4 was signed by an attorney-in-fact on 08/22/2025.
Positive
- 9,292 Stock Appreciation Rights granted to the Chief Operating Officer, explicitly disclosed
- Exercise price of $742.97 and clear exercisable and expiration dates provided
- Vesting schedule disclosed: vests in three equal annual installments beginning 08/20/2026
Negative
- None.
Insights
TL;DR Routine executive compensation grant of SARs to the COO; no share sale or purchase of common stock reported.
The Form 4 documents a non-cash equity award: 9,292 Stock Appreciation Rights with a $742.97 exercise price, exercisable 08/20/2026 and expiring 08/19/2035. Vesting is in three equal annual installments beginning 08/20/2026, indicating multi-year retention incentives. This is a disclosure of insider holdings rather than a market transaction that immediately alters outstanding common shares.
TL;DR Compensation committee granted time‑based SARs with multi‑year vesting consistent with retention-focused packages.
The award is structured as Stock Appreciation Rights tied to 9,292 shares, providing upside linked to share value above the $742.97 benchmark. Vesting in three equal installments beginning one year after grant aligns the COO’s interests with long-term performance and retention. The Form 4 simply records the grant and resulting direct beneficial ownership; it does not report exercised or sold shares.