Parmentier Jennifer A 4

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.