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.