Leombruno Todd M. 4
Research Summary
AI-generated summary
Parker-Hannifin CFO Todd Leombruno Receives Award; 3,638 Shares Withheld
What Happened
Todd M. Leombruno, Executive Vice President & Chief Financial Officer of Parker‑Hannifin (PH), was granted 8,343 shares (code A) on 2026-04-22. To satisfy tax withholding obligations (code F), 3,638 of those shares were withheld/disposed at $954.43 per share, a value of approximately $3,472,216. Net shares delivered to Leombruno from this award equal 4,705 shares (8,343 granted − 3,638 withheld). The award price is reported as $0.00, consistent with a compensation grant (e.g., RSUs/stock award) rather than a purchase.
Key Details
- Transaction dates: Award and withholding both reported for 2026-04-22; Form 4 filed 2026-04-24 (appears timely).
- Award: 8,343 shares granted @ $0.00 (code A).
- Tax withholding/disposition: 3,638 shares disposed @ $954.43 = $3,472,216 (code F).
- Net shares received by insider: 4,705 shares.
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnote: Code F indicates shares were surrendered/withheld to satisfy tax obligations (a common cashless withholding method), not an open‑market sale.
Context
This is a routine equity compensation event (grant + tax withholding), not an open‑market purchase or voluntary sale. Tax withholding via share surrender is common after restricted stock/RSU vesting and does not necessarily indicate a change in the insider’s investment view. Purchases are generally considered a stronger bullish signal than awards; here the filing documents compensation mechanics rather than discretionary trading.