Parker-Hannifin VP Berend Bracht Exercises Options, Sells Shares

What Happened
Berend Bracht, Vice President and President of the Motion Systems Group at Parker‑Hannifin (PH), reported exercising/converting derivative securities and disposing of shares on 2026-08-26. He acquired 1,500 shares via exercise at $299.19/share (cost $448,785). To satisfy tax obligations and sell stock, 898 shares were withheld (value ~$933,552) and 602 shares were sold in the open market for ~$626,363. The filing shows an additional derivative conversion of 1,500 shares recorded at $0.00 (see Key Details).

Key Details

• Transaction date: 2026-08-26; Form 4 filed: 2026-08-28 (timely).
• Exercise/conversion (M): 1,500 shares acquired @ $299.19 = $448,785; another 1,500-share conversion recorded @ $0.00 (derivative entry).
• Tax withholding (F): 898 shares withheld @ $1,039.59 ≈ $933,552.
• Open-market sale (S): 602 shares sold @ $1,040.47 ≈ $626,363.
• Combined proceeds from withholding + sale ≈ $1,559,915.
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Footnotes/labels: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding); S = open-market sale. No 10b5-1 plan or other special instructions were indicated in the supplied data.

Context
This is a common cashless exercise pattern: options/derivatives were converted to shares, some shares were withheld to cover taxes and the remainder (602 shares) sold on the open market. Such transactions are typically routine (tax-related liquidity) rather than a straightforward purchase indicating bullish conviction. The Form 4 was filed within the required reporting window.