Bracht Berend 4

What Happened

• Berend Bracht, Vice President and President of the Motion Systems Group at Parker‑Hannifin (PH), exercised 2,850 stock options on 2026-02-13. The exercise price reported was $299.19 per share, costing $852,692 in total.
• To cover taxes and/or exercise costs, 1,723 shares were surrendered/withheld (reported as a tax/withholding disposition) at a weighted-average value of $1,001.61 per share (totaling $1,725,774). An additional 1,127 shares were sold in the open market at a reported weighted-average price of $1,002.13 per share (totaling $1,129,401).
• Net effect: 2,850 option shares were exercised and the same number of option rights were extinguished; part of the new shares were used for tax withholding and part were sold — a cashless option exercise and sell-to-cover transaction rather than an outright purchase for a long-term stake.

Key Details

• Transaction date(s): 2026-02-13; Form 4 filed 2026-02-18 (timely filing for the reported date).
• Exercise: 2,850 shares acquired via option exercise at $299.19/share (total $852,692).
• Withholding (tax/payment): 1,723 shares withheld/disposed at $1,001.61 (weighted avg) — $1,725,774.
• Open-market sale: 1,127 shares sold at $1,002.13 (weighted avg) — $1,129,401.
• Footnote: Reported sale prices are weighted averages. The sale transactions occurred at prices in the range $1,002.05 to $1,003.04; the filer can provide a per‑trade breakdown on request.
• Shares owned after the transaction: not specified in the provided filing details.
• Transaction codes: M = option exercise, F = payment of exercise price/tax withholding, S = open-market sale.

Context

• This is a common "cashless exercise/sell-to-cover" pattern: options were exercised and the newly issued shares were partly withheld to satisfy tax obligations and partly sold immediately. Such transactions typically reflect the mechanics of exercising vested equity rather than a directional bet on the stock.
• No indication in this filing of a 10% owner change, gifts, or a 10b5-1 trading plan. The filing is informational — factual reporting of insider exercises and dispositions.