Parker-Hannifin VP Dinu J. Parel Receives SAR Award

What Happened

• Dinu J. Parel, VP & Chief Digital & Information Officer at Parker-Hannifin (PH), was granted 3,241 stock appreciation rights (SARs) on August 19, 2026. The reported acquisition price is $0.00, indicating a grant of a derivative award rather than a cash purchase or stock sale.

Key Details

• Transaction date: 2026-08-19; Form 4 filed: 2026-08-21.
• Instrument: Stock Appreciation Rights (derivative); number granted: 3,241; reported acquisition price: $0.00.
• Vesting: The SAR award vests in three equal annual installments beginning 8/19/2027 (footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed two days after the grant (no late-filing flag indicated in the provided data).

Context

• SARs are a form of long-term compensation that typically pay the increase in stock price (often settled in shares or cash) once vested or exercised; this grant does not represent an immediate cash outlay or share sale. Vesting over three years means the award becomes exercisable incrementally starting in August 2027, so this grant is a compensation event rather than a direct market signal.