Jennifer A. Parmentier

Chairman of the Board and Chief Executive Officer at Parker-Hannifin

Board

Since January 1, 2023

Age

57 years

Tenure

Joined PH in 2008, serving in roles from General Manager of the Sporlan and Hose Products Divisions to Vice President roles, Chief Operating Officer, and ultimately progressing to Chief Executive Officer since January 2023 and Chairman of the Board since January 2024.

Also at Parker-Hannifin

ADR

Andrew D. Ross

President and Chief Operating Officer

ARI

Angela R. Ives

Vice President and Controller

Berend Bracht

Vice President and President of the Motion Systems Group

About

Jennifer A. Parmentier is a dynamic leader with an extensive career at Parker-Hannifin, demonstrating a steady progression of responsibilities and achievements. She began her journey with the company in 2008 and advanced through several pivotal roles that have shaped the organization’s growth and operational excellence.

Her career at PH includes leadership positions such as General Manager of the Sporlan and Hose Products Divisions, Vice President and President of both the Engineered Materials and Motion Systems Groups, and Chief Operating Officer from August 2021 to December 2022. This rigorous track record paved the way for her appointments as Chief Executive Officer on January 1, 2023, and later as Chairman of the Board in January 2024.

Although details regarding her educational background remain undisclosed, her professional accomplishments and strategic vision highlight her significant impact on the company. Her leadership in steering initiatives related to operational excellence, profitable growth, and risk management further cements her role as an influential force in the industry.

$PH Performance Under Jennifer A. Parmentier

Past Roles

Organization	Role	Date Range
Parker-Hannifin Corporation	Chief Operating Officer	August 2021 - December 2022
Parker-Hannifin Corporation	Vice President and President of the Motion Systems Group	February 2019 - August 2021
Parker-Hannifin Corporation	Vice President and President of the Engineered Materials Group	September 2015 - February 2019
Parker-Hannifin Corporation	General Manager, Hose Products Division	May 2014 - September 2015
Parker-Hannifin Corporation	General Manager, Sporlan Division	May 2012 - May 2014

External Roles

Organization	Role	Date Range
Nordson Corporation	Director	Since 2020

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary (Actual)	$1,383,333	7/1/2023 – 6/30/2024	Approved Base Salary effective 9/1/2023: $1,400,000
Company Contributions to Defined Contribution Plans	$739,276	As per designated plan	Breakdown: Retirement Savings Plan: $30,058 , Deferred Compensation Plan: $183,976 , Supplemental Exec Retirement: $525,241
Life Insurance Premiums Paid	$35,118	Annually	Life Insurance Premiums paid by the Company
Perquisites	$201,435	As incurred	Includes corporate aircraft personal use: $157,553 plus additional benefits (executive long-term disability, leased vehicle, spousal travel, etc.)

Performance Compensation

Data from FY 2024

Officer ACIP Award

Metric	Weight	Threshold (50% payout)	Target (100% payout)	Maximum (200% payout)	Additional Details
Segment Operating Income	40%	50%	100%	200%	N/A
Sales Revenue	20%	50%	100%	200%	N/A
Cash Flow Margin	40%	50%	100%	200%	N/A

Target ACIP Award Amount: $2,282,500
Actual ACIP Award Amount Paid: $3,961,507
Payment Schedule: Award paid as an annual cash incentive in one or more installments with final payment in August 2024

LTIP Award (CY24-25-26)

Metric	Weight	Threshold	Target	Maximum	Additional Details
Revenue Growth	40%	50% of target (25th percentile)	100% of target (50th percentile)	200% of target (75th percentile or higher)	N/A
EPS Growth	40%	50% payout	100% payout	200% payout	N/A
Average ROIC	20%	50% payout	100% payout	200% payout	N/A

Grant Date: January 24, 2024
Grant Date Fair Value: $5,959,762
Grant Date Stock Price: $448.65
Target LTIP Award Shares: 12,820 shares
Vesting Schedule: Three-year performance period (2024-2026) with payouts in April 2027
Maximum Payout: 25,640 shares if 200% target achieved
Conditions: Must achieve at least one of the following during the performance period: 4% average return on average equity or 4% average free cash flow margin

Stock Incentives

Grant Date: August 16, 2023
Number of Shares Granted: 42,600
Grant Date Fair Value: $6,460,290
Grant Date Stock Price: $406.32
Vesting Schedule: Three equal annual installments beginning on August 16, 2024
Additional Conditions: Granted under the 2016 Equity Plan based on a Black-Scholes valuation model