Bendali Rachid 4

What Happened

• Rachid Bendali, VP & President — Engineered Materials Group at Parker‑Hannifin (PH), exercised options on 830 shares at a $296.00 exercise price (cost $245,680) on Feb 13, 2026. As part of the transaction, 418 shares were withheld to cover tax liabilities (value reported $420,805) and 412 shares were sold in the open market for $1,006.74 each (proceeds $414,777). The filing also shows the derivative (the option) converted/disposed in connection with the exercise.

Key Details

• Transaction date: 2026-02-13; Filing date: 2026-02-18 (filed 5 calendar days after the transaction; appears late vs. the usual 2-business-day Form 4 deadline).
• Exercise: 830 shares exercised at $296.00 per share (total exercise cost $245,680).
• Tax withholding (F): 418 shares withheld at ~$1,006.71 (value $420,805).
• Open-market sale (S): 412 shares sold at ~$1,006.74 (proceeds $414,777).
• Derivative entry (M): 830 option shares marked disposed @ $0.00 reflecting conversion of the option into stock.
• Shares owned after the transaction: not disclosed in this filing.
• No 10b5‑1 plan or other special footnotes were reported in the provided transaction lines; the F code indicates tax withholding to satisfy payroll/tax obligations.

Context

• This was a typical option exercise with an immediate partial sale/cashless outcome: the option was exercised, some shares were withheld to cover taxes, and the remainder sold in the open market. The exercise price ($296.00) compared with the sale/market price (~$1,006.7) implies the exercise produced substantial immediate intrinsic value per share, but the filing itself shows execution and disposition details only — it does not explain motivation.