Scott Patrick 4

What Happened

Scott Patrick, VP & President — Fluid Connectors at Parker-Hannifin, exercised options to acquire 1,460 shares on 2026-02-12 (exercise price $158.90/share; cost $231,994). Of those 1,460 shares, 627 shares were withheld to cover taxes (disposed at $982.81/share, value $616,222) and the remaining 833 shares were sold in the open market at $983.06/share (proceeds $818,889). The filing also shows the derivative conversion entry for 1,460 shares related to the option exercise.

Key Details

• Transaction date: 2026-02-12; Form 4 filed 2026-02-17 (appears timely).
• Exercise: 1,460 shares at $158.90 = $231,994 (code M).
• Tax withholding: 627 shares disposed at $982.81 = $616,222 (code F).
• Open-market sale: 833 shares at $983.06 = $818,889 (code S).
• Gross proceeds/withheld value: ~$1,435,111; exercise cost: $231,994; approximate net cash difference before fees/taxes: ~$1,203,117.
• Shares owned after transaction: not specified in the provided transaction details.
• Notable: tax-withholding (F) indicates shares were retained to satisfy tax obligations related to the exercise.

Context

• This was an option exercise with simultaneous withholding and partial sale — a common "cashless" pattern where an executive exercises options, has shares withheld to cover taxes, and sells remaining shares for cash/liquidity. Such transactions are typically routine and do not necessarily indicate a change in the insider’s view of the company.
• Transaction codes: M = option exercise/conversion, F = payment of exercise price or tax liability via share withholding, S = open-market sale.