Leombruno Todd M. 4

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.