Jacobson Matthew A. 4
Research Summary
AI-generated summary
Parker-Hannifin VP Matthew Jacobson Exercises Options, Sells Shares
What Happened
Matthew A. Jacobson, VP & President — Filtration Group at Parker‑Hannifin (PH), exercised 970 shares (options) on 2026-02-02 and immediately disposed of all 970 shares: 406 shares were surrendered to cover taxes/exercise obligations and 564 shares were sold in the open market. The exercise was at $166.49 per share (cost $161,495). The 406-share tax/withholding disposition was valued at $949.57 per share ($385,525) and the 564-share open-market sale was at $949.94 per share ($535,766). Total consideration from the dispositions was $921,291.
Key Details
- Transaction date: 2026-02-02 (Form filed 2026-02-04) — appears to be filed timely.
- Actions and codes: M = option exercise (970 shares acquired); F = tax withholding/exercise price satisfied (406 shares disposed); S = open-market sale (564 shares disposed).
- Prices/values: Exercise cost 970 @ $166.49 = $161,495; tax/withholding 406 @ $949.57 = $385,525; open-market sale 564 @ $949.94 = $535,766; total dispositions ≈ $921,291.
- Shares owned after transaction: not disclosed in this filing.
- Footnote: The filing includes an RSU note (F1) clarifying a prior Form 3 had a typographical error on an RSU vesting date (RSU granted 11/01/2023 vests 11/01/2026; prior Form 3 incorrectly listed 11/30/2026).
Context
This was a cashless exercise: Jacobson exercised options and immediately used part of the resulting shares to cover taxes/exercise obligations and sold the remainder on the open market. Such transactions are common for option exercises and do not, by themselves, indicate a change in company outlook. No 10% owner status or 10b5‑1 plan is indicated in the filing.