Parker-Hannifin (PH) EVP Joseph Leonti Receives SAR Award

What Happened

• Joseph R. Leonti, EVP, General Counsel & Secretary of Parker-Hannifin (PH), was granted 3,536 derivative awards reported as Stock Appreciation Rights (SARs) on 2026-08-19. The Form 4 lists the acquisition price as $0.00 (no cash paid at grant); total reported dollar value at grant is $0. This is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-19; Form 4 filed: 2026-08-21 (appears timely).
• Instrument and amount: 3,536 SARs (derivative securities) acquired at $0.00 per unit.
• Vesting: Award vests in three equal annual installments beginning 2027-08-19 (per filing footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing type/code: Form 4, transaction code A (award/grant).

Context

• SARs are derivative awards that generally pay the holder the appreciation in the stock price upon exercise; they do not represent issued common shares until exercised or settled. Grants like this are common part of executive compensation and do not by themselves indicate buying or selling of company stock.