---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-227588"
form_type: "8-K"
ticker: "PH"
cik: "0000076334"
company_name: "Parker-Hannifin Corp"
filed_at: "2022-08-23T23:59:59+00:00"
generated_at: "2026-06-23T22:06:12.418562+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Parker-Hannifin adopts new Officer Annual Cash Incentive Plan and Deferred Compensation Plan

## Summary
- Officer ACIP metrics: segment operating income (40%), sales revenue (20%), cash flow (40%); performance multiplier up to ±20% based on ESG/strategic goals.
- Fiscal 2023 target opportunities for named executive officers are materially consistent with prior cash incentive programs.
- New Deferred Compensation Plan (effective Jan 1, 2023) allows deferral of up to 50% of base salary and 80% of cash incentives.
- DCP includes discretionary matching contribution of 100% on first 5% of eligible compensation, reduced by qualified plan match, and Executive Retirement Contribution up to 4%.
- DCP vesting: participant deferrals and matching always vested; Excess RIA contributions vest after 3 years; Executive Retirement Contributions vest at age 55 with 5 years of service.

## SEC filing metadata
- accession: 0001193125-22-227588
- form_type: 8-K
- ticker: PH
- cik: 0000076334
- company_name: Parker-Hannifin Corp
- filed_at: 2022-08-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/76334/000119312522227588/0001193125-22-227588-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/76334/000119312522227588/d366447d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-227588
- JSON: https://secwatch.observer/filing/0001193125-22-227588.json
- Plain text: https://secwatch.observer/filing/0001193125-22-227588.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.