Leonti Joseph R 4

What Happened

• Joseph R. Leonti, EVP, General Counsel & Secretary of Parker‑Hannifin (PH), was granted 4,546 shares on 2026-04-22 (award, code A). The award shows an acquisition price of $0 (typical for restricted stock/RSU grants).
• To cover tax withholding on the award, 1,834 shares were disposed/withheld on the same date (code F) at a reported tax withholding value of $954.43 per share, totaling $1,750,425. Net new shares from the grant after withholding = 2,712 shares.
• This transaction is an award with tax withholding, not an open-market sale or a buy signal.

Key Details

• Transaction date: 2026-04-22 (reported on Form 4 filed 2026-04-24).
• Award: 4,546 shares acquired @ $0.00 (code A). Withholding: 1,834 shares disposed @ $954.43 each for $1,750,425 (code F).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Notable: The disposed shares were withheld to satisfy tax liabilities (code F), a routine administrative action following equity awards.
• Filing timeliness: Reported two days after the transaction (filed 2026-04-24 for a 2026-04-22 transaction), which is within typical Form 4 reporting windows.

Context

• This is a standard equity award plus tax-withholding event: the company granted shares and retained a portion to cover required taxes (effectively a cashless tax withholding), not an indication that the insider sold shares on the open market. Such withholding is common and does not by itself signal insider sentiment about the stock.