Bracht Berend 4

What Happened

• Berend Bracht, VP & President of the Motion Systems Group at Parker‑Hannifin (PH), exercised 3,370 stock options on 2026-02-02 (exercise cost $296.00 per share, total $997,520). All 3,370 resulting shares were disposed: 1,913 shares were surrendered/withheld to cover taxes/obligations and 1,457 shares were sold in an open-market transaction. The withholding and sale generated proceeds of about $3,189,121 ($1,810,100 from withholding at $946.21 and $1,379,021 from the open-market sale at $946.48).

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (appears timely).
• Exercise: 3,370 shares @ $296.00 = $997,520 (code M).
• Tax withholding/cover: 1,913 shares @ $946.21 = $1,810,100 (code F).
• Open‑market sale: 1,457 shares @ $946.48 = $1,379,021 (code S).
• Derivative conversion note: 3,370 derivative shares marked disposed @ $0.00, reflecting conversion/exercise.
• Shares owned after transaction: the filing shows no net shares retained from this exercise (all 3,370 were surrendered or sold); total beneficial ownership after these transactions not provided in the excerpt.

Context

• This was a cashless-style exercise: options were exercised and the acquired shares were immediately used to satisfy tax/strike obligations and to fund a market sale, so there was no net share purchase for the insider.
• Codes: M = option exercise, F = payment of exercise price/tax liability (withheld shares), S = open‑market sale. These routine option exercises followed by withholding/sale are common and do not, by themselves, signal a change in insider conviction.