SPY425.26+0.95 0.22%
DIA344.30-0.82 -0.24%
IXIC14,174.14+104.72 0.74%

Insider Trends: Parker-Hannifin Insider Converts/Exercises Derivative Security, Sells for Taxes and Self, Buying Trend Remains Intact

05/11/2021 12:36

04:24 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, EVP - HR & External Affairs, Mark J Hart, exercised options/derivative securities for 12,500 shares. A portion of these optioned shares (9,118 shares) were sold for tax obligations and an additional 16,729 shares were sold for $5,356,307. Following the Form 4 filing with the SEC, Hart has control over a total of 17,332 shares of company stock, with 16,356 shares held directly and 976 controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $5.48 million.

During the most recent 90-day period, previous to the date of this filing, there have been 41 insider transactions reported to the SEC for Parker-Hannifin. These transactions came from the activities of 16 different insiders that resulted in a net acquisition of 50,630 company shares. Relative to the preceding 90-day window of time, there were 10 transactions from 6 insiders that resulted in the net disposition of 1,180 shares.

This is a lower level of transactions than the peer group average in the 51-company Industrial Machinery & Equipment peer group over the last 90-day period. Activity in the peer group averaged 131.3 transactions per company, and disposition of 113,533 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/76334/000007633421000116/xslF345X03/edgar.xml

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