Leombruno Todd M. 4
4 · Parker-Hannifin Corp · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Parker-Hannifin (PH) CFO Todd Leombruno Exercises Options, Sells Shares
What Happened
- Todd M. Leombruno, EVP & CFO of Parker-Hannifin Corp (PH), exercised 4,040 options on Feb 11, 2026 (code M) at an exercise price of $158.79 per share, paying about $641,512 to acquire the shares. Immediately, all 4,040 shares were disposed: 1,978 shares were surrendered/withheld to cover exercise price/tax liability (code F), and the remaining 2,062 shares were sold in open-market transactions (code S). Total proceeds from the disposals were roughly $4.06 million (about $4,055,396).
- This is effectively a cashless exercise followed by share sales (common for covering exercise costs and tax withholding). Sales are routine insider liquidity events and do not by themselves indicate company outlook.
Key Details
- Transaction date: February 11, 2026; Form 4 filed Feb 13, 2026 (timely filing).
- Exercise: 4,040 shares at $158.79 each = $641,512 (code M).
- Withholding (payment of exercise price/taxes): 1,978 shares, reported weighted-average price ~$1,005.35, value ≈ $1,988,582 (code F).
- Open-market sales: 320 / 1,302 / 80 / 80 / 80 / 200 shares at weighted-average prices ~ $1,000–$1,008 (codes S). Total proceeds from all disposals ≈ $4.055M.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Notable footnotes: reported sale prices are weighted averages across multiple trades with ranges roughly $1,000.00–$1,008.15 per share (see F1–F5); the filer offers to provide breakdowns on request.
Context
- Codes: M = option exercise/conversion; F = shares withheld to satisfy exercise price/tax obligations; S = open-market sale. This sequence (exercise + immediate withholding + sale) is a common cashless exercise approach to cover costs and tax liabilities.
- Sales by executives are often routine liquidity moves; they differ from outright purchases, which are stronger direct signals of bullish insider conviction. No evidence in this filing of late reporting; the Form 4 appears timely.
Insider Transaction Report
Form 4
Leombruno Todd M.
EVP & CFO
Transactions
- Exercise/Conversion
Common Stock
2026-02-11$158.79/sh+4,040$641,512→ 24,650 total - Tax Payment
Common Stock
2026-02-11$1005.35/sh−1,978$1,988,582→ 22,672 total - Sale
Common Stock
[F1]2026-02-11$1000.37/sh−320$320,118→ 22,352 total - Sale
Common Stock
[F2]2026-02-11$1001.60/sh−1,302$1,304,083→ 21,050 total - Sale
Common Stock
[F3]2026-02-11$1002.32/sh−80$80,186→ 20,970 total - Sale
Common Stock
2026-02-11$1003.88/sh−80$80,310→ 20,890 total - Sale
Common Stock
[F4]2026-02-11$1006.49/sh−80$80,519→ 20,810 total - Sale
Common Stock
[F5]2026-02-11$1007.99/sh−200$201,598→ 20,610 total - Exercise/Conversion
Stock Appreciation Rights
2026-02-11−4,040→ 0 totalExercise: $158.79From: 2018-08-16Exp: 2027-08-15→ Common Stock (4,040 underlying)
Holdings
- 3,610.53(indirect: Parker Retirement Savings Plan)
Common Stock
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,000 to $1,000.58, 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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,001.15 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 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 $1,002.24 to $1,002.40, 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 $1,006.36 to $1,006.62, 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 $1,007.66 to $1,008.15, 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.
Signature
/s/ Stephanie R. Breitenbach, Attorney-In-Fact|2026-02-13