Parker-Hannifin VP Rachid Bendali Receives 3,241 SAR Award

What Happened Rachid Bendali, VP & President — Engineering Materials Group at Parker‑Hannifin (PH), was granted 3,241 stock appreciation rights (SARs) on 2026-08-19. The Form 4 records the per‑share acquisition price as $0.00 (derivative award); no immediate cash or stock changed hands. The award vests in three equal annual installments beginning 8/19/2027.

Key Details

• Transaction date: 2026-08-19; Form 4 filed 2026-08-21 (filed within the typical 2-business-day window).
• Transaction type/code: Award/Grant (A) — Stock Appreciation Rights (derivative).
• Shares/units granted: 3,241 SARs; price shown on form: $0.00 (grant value not listed on the Form 4).
• Vesting: Three equal annual installments starting 8/19/2027 (footnote F1).
• Shares owned after transaction: Not specified on the filing.
• No indication of a 10b5-1 plan, tax withholding, or late filing in this report.

Context SARs are a form of equity compensation tied to the appreciation in the company’s stock price and typically convert to cash or shares upon vesting/exercise per company plan. This grant is a compensation event rather than an open‑market purchase or sale and should be viewed as routine executive pay disclosure; it does not by itself indicate insider buying or selling intent. For full economic value and plan settlement terms, consult the company's grant agreements or proxy disclosures.