On April 19, 2017, the Human Resources and Compensation Committee of the Board of Directors of Parker-Hannifin Corporation (the “Company”) approved a special equity award of 2,150 restricted stock units (“RSUs”) for Catherine A. Suever, the principal financial officer and principal accounting officer of the Company, in recognition of the significant increase in her responsibilities and the critical nature of her leadership while serving as the acting Chief Financial Officer during the second quarter.

Each RSU represents the right to receive one share of common stock. The RSUs will vest in full on April 19, 2020, provided that Ms. Suever remains an active full-time employee throughout the vesting period. If Ms. Suever ceases to be employed by the Company for any reason, other than death, disability or a Qualifying Termination following a Change in Control each as defined in the award prior to the vesting date, she will forfeit the entire award. In the event of Ms. Suever’s death, disability or a Qualifying Termination following a Change in Control prior to the vesting date, the RSUs will vest immediately. Upon the vesting date, the RSUs will be paid to Ms. Suever or her estate in shares of the Company’s common stock. Ms. Suever does not receive dividends nor does she have voting rights in the common shares underlying the RSUs, however, she does receive dividend equivalents.

About PARKER-HANNIFIN CORPORATION>>> (NYSE:PH)

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment. The Diversified Industrial Segment consists of Automation Group, Engineered Materials Group, Filtration Group, Fluid Connectors Group, Hydraulics Group and Instrumentation Group. The Aerospace Systems Segment produces hydraulic, fuel, pneumatic and electro-mechanical systems and components, which are utilized on domestic commercial, military and general aviation aircrafts.

PARKER-HANNIFIN CORPORATION>>> (NYSE:PH) Recent Trading Information

PARKER-HANNIFIN CORPORATION>>> (NYSE:PH) closed its last trading session up +2.77 at 159.08 with 1,053,920 shares trading hands.