Parmentier Jennifer A 4
4 · Parker-Hannifin Corp · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Parker-Hannifin CEO Jennifer Parmentier Exercises Options, Sells Shares
What Happened
Jennifer A. Parmentier, CEO of Parker‑Hannifin (PH), exercised 10,220 derivative awards (code M) on Feb 11, 2026, acquiring those shares at an aggregate exercise cost of $2,141,703 (weighted avg $209.56/share). All 10,220 shares were disposed the same day: 5,514 shares were surrendered/withheld to cover taxes/obligations (code F) for $5,530,542 (avg $1,003.00), and the remaining 4,706 shares were sold in multiple open‑market transactions (code S) for approximately $4,690,288 (weighted avg prices ≈ $993–$1,002). Net result: the exercised shares were fully used to cover tax obligations and sold — no net new shares retained from this exercise.
Key Details
- Transaction date: Feb 11, 2026; Form 4 filed Feb 13, 2026 (filed timely).
- Exercise: 10,220 shares @ $209.56 = $2,141,703 (code M).
- Tax withholding: 5,514 surrendered @ $1,003.00 = $5,530,542 (code F).
- Open‑market sales: 4,706 sold in multiple trades at weighted avg prices ~ $993–$1,002 = ~$4,690,288 (codes S).
- Footnotes: sale prices reported as weighted averages with specified price ranges for each block (see F1–F9). Footnote F10 notes 210.21 shares of phantom stock were moved from Table I to Table II (these are cash‑settled and payable upon separation).
- Filing timeliness: filed within the standard Form 4 window (not marked late).
Context
This was a classic cashless/collateralized option exercise: the CEO exercised options and immediately used shares to cover taxes and sold remaining shares. Such transactions are routine for option exercises and tax withholding; they are informational about how executives monetize vested awards but do not by themselves signal a change in company outlook. Transaction codes: M = exercise/convert derivative, F = shares withheld for tax/exercise payment, S = open‑market sale.
Insider Transaction Report
Form 4
Parmentier Jennifer A
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2026-02-11$209.56/sh+10,220$2,141,703→ 57,598 total - Tax Payment
Common Stock
2026-02-11$1003.00/sh−5,514$5,530,542→ 52,084 total - Sale
Common Stock
[F1]2026-02-11$993.06/sh−1,460$1,449,868→ 50,624 total - Sale
Common Stock
[F2]2026-02-11$993.88/sh−246$244,494→ 50,378 total - Sale
Common Stock
[F3]2026-02-11$995.12/sh−641$637,872→ 49,737 total - Sale
Common Stock
[F4]2026-02-11$995.82/sh−114$113,523→ 49,623 total - Sale
Common Stock
[F5]2026-02-11$997.63/sh−425$423,993→ 49,198 total - Sale
Common Stock
[F6]2026-02-11$999.30/sh−808$807,434→ 48,390 total - Sale
Common Stock
[F7]2026-02-11$1000.15/sh−500$500,075→ 47,890 total - Sale
Common Stock
[F8]2026-02-11$1001.90/sh−445$445,846→ 47,445 total - Sale
Common Stock
[F9]2026-02-11$1002.73/sh−67$67,183→ 47,378 total - Exercise/Conversion
Stock Appreciation Rights
2026-02-11−10,220→ 0 totalExercise: $209.56From: 2021-08-12Exp: 2030-08-11→ Common Stock (10,220 underlying)
Holdings
- 404(indirect: By Children)
Common Stock
- 1,046.34(indirect: Parker Retirement Savings Plan)
Common Stock
[F10]
Footnotes (10)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $992.33 to $993.16, inclusive. The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder of Parker-Hannifin Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 1 to this Form 4.
- [F10]The balance has been updated to no longer include 210.21 shares of phantom stock in the Savings Restoration Plan that have historically been reported in Table I but instead were reportable in Table II. Each share of phantom stock that was acquired under the Savings Restoration Plan is the economic equivalent of one common share and is settled in cash. The shares of phantom stock generally become payable following the reporting person's separation from service.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $993.33 to $994.08, inclusive. The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder of Parker-Hannifin Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 2 to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $994.74 to $995.33, inclusive. The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder of Parker-Hannifin Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 3 to this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $995.78 to $995.85, inclusive. The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder of Parker-Hannifin Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 4 to this Form 4.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $997.08 to $997.68, inclusive. The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder of Parker-Hannifin Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 5 to this Form 4.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $998.82 to $999.51, inclusive. The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder of Parker-Hannifin Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 6 to this Form 4.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $999.89 to $1,000.64, inclusive. The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder of Parker-Hannifin Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 7 to this Form 4.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,001.44 to $1,002.14, inclusive. The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder of Parker-Hannifin Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 8 to this Form 4.
- [F9]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,002.61 to $1,002.86, inclusive. The reporting person undertakes to provide Parker-Hannifin Corporation, any security holder of Parker-Hannifin Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 1 to this Form 4.
Signature
/s/ Stephanie R. Breitenbach, Attorney-In-Fact|2026-02-13