PH insider converts 1,380 SARs and reduces stake to 3,455 shares

Rhea-AI Filing Summary

Scott Patrick, Vice President & Pres.-Fluid Conn. at Parker-Hannifin (PH) reported multiple transactions on 08/08/2025 converting 1,380 Stock Appreciation Rights (conversion/exercise price $166.49) into common shares and selling additional shares the same day. The reported sales reduced his direct holdings from 5,830 shares to 3,455 shares.

The filing also shows 77.23 shares indirectly held via the Parker Retirement Savings plan. The form notes some sales occurred at prices in the range $729.31–$729.44, and the exercised SARs are shown with an expiration date of 08/14/2028.

Positive

• Converted 1,380 Stock Appreciation Rights into common shares at a stated conversion/exercise price of $166.49
• Retains ownership after transactions: 3,455 direct shares plus 77.23 indirect shares via the Parker Retirement Savings plan
• Derivatives disclosure shows SARs with an explicit exercisable/expiration schedule (exercisable since 08/15/2019; expiration 08/14/2028)

Negative

• Significant reduction in direct holdings: direct shares decreased from 5,830 to 3,455, a reduction of 2,375 shares
• Multiple disposals on 08/08/2025 recorded in the form, indicating notable insider sales activity
• Sales executed at high-price levels with reported sale prices in the filing between $728.40 and $731.14; the form notes some sales in the $729.31–$729.44 range

Insights

Corporate Governance Expert

TL;DR: Insider exercised SARs and sold shares, materially reducing direct holdings but retaining a meaningful residual stake.

The Form 4 shows a same-day exercise of 1,380 Stock Appreciation Rights at a conversion/exercise price of $166.49, immediately followed by multiple disposals that lowered direct ownership from 5,830 to 3,455 shares. The report also discloses 77.23 indirect shares in the Parker Retirement Savings plan. From a governance perspective, these are routine disclosure events that document a change in insider ownership; the filing does not provide any explanation of intent or nonpublic information.

Securities Analyst

TL;DR: Exercise plus sell transactions increased immediate liquidity for the insider while leaving a residual position and retirement-plan interest.

The data shows the insider converted SARs exercisable through 08/14/2028 into 1,380 common shares and completed multiple sales on 08/08/2025, with sale prices reported in the filing and a footnote indicating some sales fell in the $729.31–$729.44 range. Direct ownership fell to 3,455 shares, with an additional indirect 77.23 shares held in a savings vehicle. For analysts, the filing updates sharecount and insider liquidity but contains no operational or forward-looking company disclosures.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Scott Patrick

(Last) (First) (Middle)

6035 PARKLAND BOULEVARD

(Street)

CLEVELAND OH 44124

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Parker-Hannifin Corp [ PH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Pres.-Fluid Conn.

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/08/2025		M		1,380	A	$166.49	5,830	D
Common Stock	08/08/2025		F		792	D	$166.49	5,038	D
Common Stock	08/08/2025		S		26	D	$731.14	5,012	D
Common Stock	08/08/2025		S		562	D	$730.14	4,450	D
Common Stock	08/08/2025		S		600	D	$729.42	3,850(1)	D
Common Stock	08/08/2025		S		395	D	$728.4	3,455	D
Common Stock								77.23(2)	I	Parker Retirement Savings

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	$166.49	08/08/2025		M			1,380	08/15/2019	08/14/2028	Common Stock	1,380	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $729.31 to $729.44, inclusive. The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder of Parker-Hannifin Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 1 to this Form 4.

2. The balance has been updated to no longer include 66.53 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.

	/s/ Stephanie R. Breitenbach, Attorney-In-Fact	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What transactions did Scott Patrick (PH) report on this Form 4?

The report shows conversion/exercise of 1,380 Stock Appreciation Rights (exercise price $166.49) and multiple disposals of common stock on 08/08/2025 that reduced direct holdings.

How many shares does Scott Patrick own after these transactions?

After the reported transactions the filing shows 3,455 shares beneficially owned directly and 77.23 shares indirectly through the Parker Retirement Savings plan.

At what prices were the shares sold in the Form 4 (PH)?

The table shows sale transactions with prices between $728.40 and $731.14, and a footnote states some sales occurred at prices in the range $729.31–$729.44.

Were any derivative instruments involved in the transactions?

Yes. The filing reports 1,380 Stock Appreciation Rights with a conversion/exercise price of $166.49; the SARs list an exercisable date of 08/15/2019 and expiration 08/14/2028.

Who is the reporting person and who signed the Form 4?

The reporting person is Scott Patrick (VP & Pres.-Fluid Conn.). The form was signed by Stephanie R. Breitenbach as Attorney-In-Fact for the reporting person.