Ives Angela R 4

What Happened Angela R. Ives, VP & Controller of Parker-Hannifin Corp (PH), exercised stock options on 2026-01-30 for 2,360 underlying shares (exercise price $296.00) costing $698,560. To cover tax obligations, 1,294 of the newly acquired shares were withheld (valued at $951.68 each, $1,231,474). The remaining 1,066 shares were sold in an open-market transaction at $952.30 per share, generating $1,015,152 in proceeds. The derivative option position for the 2,360 shares was terminated upon exercise.

Key Details

• Transaction date: 2026-01-30. Form 4 filed 2026-02-03 (timely—filed on the second business day after the trade).
• Option exercise (code M): 2,360 shares acquired at $296.00 = $698,560.
• Tax withholding (code F): 1,294 shares disposed @ $951.68 = $1,231,474 (to satisfy tax/exercise obligations).
• Open-market sale (code S): 1,066 shares sold @ $952.30 = $1,015,152.
• Derivative disposition: the option for 2,360 shares was converted/terminated (shown as M disposed @ $0.00).
• Shares owned after the transactions: not specified in the provided Form 4 excerpt.

Context This is a standard option exercise with shares withheld for taxes and the remainder sold (a cashless-like outcome). The filings show no additional special plans (e.g., 10b5-1) noted in the provided data. Because all acquired shares were either withheld or sold, there was no net increase in Ives’s shareholdings from this transaction set; such transactions are often routine tax- and exercise-related rather than explicit bullish purchases.