Jennifer A. Parmentier
Also at Parker-Hannifin Corp
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
External Roles
Fixed Compensation
Performance Compensation
Officer ACIP Award
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)
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