Parel Dinu J 4

What Happened

• Dinu J. Parel, VP & Chief Digital & Information Officer at Parker-Hannifin, exercised stock options for 3,030 shares on 2026-02-02 (exercise price $296.00), paying $896,880.
• To cover taxes/withholding and to take some proceeds, 1,714 shares were surrendered/withheld (reported as F) valued at $949.40 each ($1,627,272), and 1,316 shares were sold in the open market (1,209 shares at $950.01 for $1,148,562; 107 shares at $950.48 for $101,701). A separate reporting line shows the derivative option converted (M) to the 3,030 shares.
• Overall, the combined cash proceeds and withholding associated with this exercise/sales equal about $2.88 million. This was an option exercise with partial immediate monetization (routine liquidity/tax-covering activity), not an open-market cash purchase.

Key Details

• Transaction date: 2026-02-02; Form 4 filed 2026-02-04.
• Option exercise: 3,030 shares at $296.00 (cash paid $896,880).
• Withholding/payment: 1,714 shares at $949.40 (valued $1,627,272) used to satisfy tax/exercise obligations.
• Open-market sales: 1,209 shares @ $950.01 ($1,148,562) and 107 shares @ $950.48 ($101,701).
• Derivative reporting: a related derivative disposal (3,030 shares @ $0.00) reflects conversion of the option into shares.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Filing timeliness: Filed two days after the transaction date (no late-filing indication in provided data).
• Codes: M = option exercise/conversion, F = payment of exercise price/tax liability, S = open-market sale.

Context

• This is effectively a cashless/partial net exercise: options were exercised and some shares were surrendered or sold immediately to cover taxes and realize proceeds. That pattern is common for option exercises and is generally routine liquidity rather than a direct bullish or bearish signal.
• For retail investors, outright purchases are often more informative about insider conviction; this filing documents an exercise with partial monetization and tax withholding rather than a fresh buy.