secwatch.observer — SEC 8-K summary
======================================

Issuer:     Parker-Hannifin Corp (PH)
CIK:        0000076334
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001193125-22-269129
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Parker Hannifin CEO Tom Williams to retire Jan 1, 2023; COO Jennifer Parmentier to succeed
--------------------------------------------------------------------------------

- Thomas L. Williams to retire as CEO effective Jan 1, 2023; becomes Executive Chairman until Dec 31, 2023.
- Jennifer A. Parmentier, current COO, elected CEO effective Jan 1, 2023; also joins Board as director.
- Andrew D. Ross appointed COO effective Jan 1, 2023; previously VP/President of Fluid Connectors Group.
- Parmentier's base salary raised from $900K to $1.3M; LTIP award shares granted for 2021-23 and 2022-24 periods.
- Williams' base salary as Executive Chairman reduced to $375K from $1.5M; outstanding equity awards continue vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76334/000119312522269129/0001193125-22-269129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76334/000119312522269129/d417708d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-269129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer