PH Officer Hart Sells 2,257 Shares, Retains 7,063 Directly
Rhea-AI Filing Summary
In this Form 4, Mark J. Hart, EVP-HR & External Affairs of Parker-Hannifin Corp (PH), reported the sale of 2,257 shares of common stock on 08/08/2025 at a price of $730.22 per share. After the transaction Mr. Hart beneficially owns 7,063 shares directly and 665.65 shares indirectly through the Parker Retirement Savings Plan.
The filing also discloses an accounting update: 375.93 shares of phantom stock previously included in Table I have been reclassified to Table II; those phantom shares are the economic equivalent of common shares, are settled in cash, and generally become payable following separation from service.
Positive
- Clear post-transaction ownership figures: 7,063 shares direct and 665.65 shares indirect via the Parker Retirement Savings Plan.
- Reporting clarification: 375.93 phantom shares were reclassified to Table II and are explicitly described as cash-settled and payable after separation.
Negative
- Sale reported: 2,257 shares disposed of on 08/08/2025 at a price of $730.22 per share, reducing direct holdings.
Insights
TL;DR: Insider sale of 2,257 PH shares at $730.22; Hart retains 7,063 direct shares and 665.65 indirect shares via retirement plan.
The reported sale of 2,257 shares at $730.22 per share is a clear, disclosed transaction that reduces the reporting person's direct holdings to 7,063 shares. The filing provides precise post-transaction ownership figures, which allow investors to track insider exposure without ambiguity. The reclassification of 375.93 phantom shares from Table I to Table II is an accounting/reporting adjustment; the filing notes these phantom shares are cash-settled and payable upon separation, clarifying the economic nature of that portion of reported interests.
TL;DR: Officer trade is disclosed with clear ownership breakdown and a correction regarding phantom-stock reporting.
The Form 4 furnishes required disclosure: the reporting person and relationship to the issuer are identified, the 08/08/2025 sale is itemized with price and quantity, and beneficial ownership is split between direct and retirement-plan holdings. The explanatory note about removing 375.93 phantom shares from Table I and treating them in Table II improves transparency about cash-settled interests. No derivative holdings are listed in Table II, which simplifies the ownership picture from a governance and compliance perspective.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,257 | $730.22 | $1.65M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The balance has been updated to no longer include 375.93 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
