Insider Trends: Parker-Hannifin Insider Converts/Exercises Derivative Security, Sells for Taxes and Self, Buying Trend Remains Intact
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
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.