Linda A. Harty
Parker-HannifinAbout Linda A. Harty
Independent director of Parker-Hannifin since 2007, age 65, with decades of finance leadership across industrials, healthcare, telecom and consumer products. She serves on the Audit Committee and Corporate Governance & Nominating Committee and is designated an Audit Committee Financial Expert. The Board affirms her independence under NYSE and Parker’s Independence Standards. Her board skills emphasize finance and accounting, risk management, and corporate strategy and culture.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Medtronic plc | Treasurer | Feb 2010 – Apr 2017 | Finance leadership across treasury, capital allocation, risk management |
| Cardinal Health, Inc. | Segment SVP & CFO and Treasurer | Jan 2004 – Dec 2009 | Financial oversight, long-term strategy, capital allocation |
| RTM Restaurant Group; BellSouth; ConAgra Brands; Kimberly-Clark | Various finance, operational and corporate finance roles | 1982 – 2004 | Progressive finance and operations roles |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Westinghouse Air Brake Technologies Corporation (WAB) | Director | Since 2016 | Not disclosed; has held committee chair and lead director roles on public boards |
| Chart Industries, Inc. (GTLS) | Director | Since 2021 | Not disclosed; has held committee chair and lead director roles on public boards |
| Syneos Health, Inc. (now private) | Director (Past) | 2017 – 2023 | Not disclosed |
Board Governance
- Committee memberships: Audit Committee (member; ACFE) and Corporate Governance & Nominating Committee (member). Audit Committee chaired by Kevin A. Lobo; Audit met 5 times in FY2025; Corporate Governance & Nominating met 2 times in FY2025.
- Independence: The Board affirmatively determined Harty is independent; all three Board committees are composed entirely of independent directors.
- Attendance and engagement: FY2025 Board held 12 meetings; average director attendance >95%; each director attended at least 81% of Board/Committee meetings; non-management directors met in executive session four times.
- Retirement and outside commitments: Mandatory retirement at age 72; Board actively manages directors’ outside commitments.
Fixed Compensation
| Component | FY2025 Amount | Notes |
|---|---|---|
| Annual cash retainer | $155,000 | Non-chair committee member retainer |
| Additional meeting fees | $6,000 | $2,000 per meeting beyond 2 extra; Harty received $6,000 |
| Total cash (fees earned/paid) | $161,000 | Reported in director compensation table |
| All other compensation | $15,000 | Matching Gifts Program |
| FY2025 policy context | — | Lead Director & CGN Chair $230,000; Audit Chair $185,000; HRC Chair $185,000; non-chair $155,000; directors may defer retainers. |
| FY2026 adjustment (effective 10/22/2025) | — | +$5,000 increase in annual retainer approved 8/11/2025. |
Performance Compensation
| Award Type | Grant Detail | Grant Date | Grant Value | Vesting | Other Terms |
|---|---|---|---|---|---|
| RSUs (annual grant) | 299 RSUs | Oct 23, 2024 | $188,280 grant-date fair value | 100% on later of one year from grant or next Annual Meeting; pro-rata vest on departure before AGM | Target RSU value $180,000; dividend equivalents as additional RSUs; no options/SARs for directors |
| FY2026 adjustment | — | — | — | — | +$15,000 increase in target equity awards for non-employee directors approved 8/11/2025, effective 10/22/2025 |
Performance metrics: Parker’s proxy does not disclose performance-based metrics for director RSUs; awards are time-based with the vesting schedule above.
Other Directorships & Interlocks
| Company | Relationship to Parker | Conflict/Interlock Notes |
|---|---|---|
| WAB; Chart Industries | Not disclosed | Board independence review did not flag Harty among directors with customer/supplier relationships; independence affirmed. |
Expertise & Qualifications
- Designated audit committee financial expert (ACFE); serves on the Audit Committee.
- Skills matrix highlights: Finance & Accounting; Risk Management; Corporate Strategy & Culture.
- Strategic differentiators: Long-term strategy, sustained profitable growth, capital allocation, M&A/portfolio optimization, treasury, tax; contributes to accounting/financial processes and controls, external reporting, internal audit and compliance, capital allocation, risk management.
Equity Ownership
| Item | Value |
|---|---|
| Beneficial ownership (as of July 31, 2025) | 4,800 shares |
| Ownership as % of shares outstanding | <1%; no director/executive >1% |
| RSUs held at FY-end (June 30, 2025) | 299 RSUs (non-employee directors other than Savage) |
| Options/SARs | None held by non-employee directors |
| Stock ownership guidelines | Non-management directors: 5× annual retainer; 5-year compliance window |
| Compliance status | All directors in role ≥5 years compliant as of June 30, 2025 |
| Pledging/hedging policy | Prohibits pledging, margin accounts, short sales, hedging/monetization; pre-clearance and blackout periods apply |
Governance Assessment
- Long-tenured independent director (since 2007) with deep finance experience, designated ACFE, and active service on Audit and Corporate Governance committees—positive for oversight of controls and risk.
- Compensation structure for directors is balanced: fixed cash retainer plus time-based RSUs (no options/SARs), with strong stock ownership guidelines and confirmed compliance, supporting alignment with shareholders.
- Board reports no material related-party transactions and affirms Harty’s independence; insider policy bans pledging/hedging—reduces conflict risk and enhances investor confidence.
- Attendance context is strong at the board level (average >95%; each ≥81%) and regular executive sessions—signals board effectiveness; Audit and CGN committees met 5 and 2 times respectively in FY2025.
- Outside commitments are explicitly managed by the Board; Harty sits on two other public company boards (WAB, GTLS), which provides external perspective while subject to independence oversight.
RED FLAGS
- None disclosed specific to Harty: no related-party transactions, no pledging/hedging, and independence affirmed.