Parker-Hannifin (PH) 10-K risk factor changes: FY2026 vs FY2025

[removed: *Company] [added: Additional risks not currently known to the Company] or that the Company currently believes are immaterial also may impair the Company’s business, financial condition, results of operations and cash flows.*

Among the economic factors which may have such an effect are manufacturing and other end-market activity, currency exchange rates, air travel trends, difficulties entering new markets, tariffs and governmental trade and monetary policies, [added: changes in government spending priorities (including defense and infrastructure spending),] global pandemics, and general economic conditions such as inflation, deflation, interest rates and credit availability.

Our net sales attributable to selling locations outside of the United States were approximately [removed: 36 percent in 2025, 36 percent] [added: 36%] in [removed: 2024] [added: each of 2026, 2025] and [removed: 37 percent in 2023.][added: 2024.]

- government [added: import and export controls,] embargoes, sanctions or trade restrictions, including possible [removed: further] restrictions on trade and/or obstacles to conducting business in China;

- the potential for nationalization of enterprises; [added: and]

- difficulties in implementing restructuring actions on a timely [removed: basis.][added: basis;]

For example, the global nature of our business and our operations exposes us to political, economic, and other conditions in foreign countries and regions, such as the uncertainty about the future relationship between the U.S. and China, including with respect to trade policies, treaties, government regulations and [removed: tariffs.][added: tariffs, and the potential]

Any increased trade barriers or restrictions on global trade, including trade with [removed: China,] [added: China or among North American trading partners,] could adversely impact our business, results of operations or financial condition.

Increased cybersecurity threats and more sophisticated and targeted computer crime have posed and could continue to pose a risk to our information technology systems, and a disruption to or breach in the security of such systems, if material, could have adverse effects on our [removed: result] [added: results] of operations and financial condition.

If these systems, or any part of the systems, are damaged, intruded upon, attacked, [removed: shutdown] [added: shut down] or cease to function properly (whether by planned upgrades, force majeure, telecommunications failures, criminal acts, including hardware or software break-ins or extortion attempts, or viruses, or other cybersecurity incidents) and we suffer any resulting interruption in our ability to manage and operate our business or if our products are affected, our results of operations and financial condition could be materially adversely affected.

There can be no guarantee that the actions and controls we have implemented and are implementing, or which we cause or have caused [removed: third-parties] [added: third parties] with access to our systems to implement, will be sufficient to protect and mitigate risks associated with our information technology systems.

Additionally, [added: our increasing use of digital technologies within our operations as well as other evolving practices such as] certain of our employees working remotely at times and the increased adoption of generative artificial intelligence may increase our vulnerability to cyber and data protection risks.

Our efforts to manage these fluctuations by, among other things, passing along price increases to our customers, may be subject to a time delay between [removed: the increased] raw material prices [added: increasing] and our ability to increase the price of our products, or we may be unable to increase the prices of our products due to pricing pressure, contract terms [added: (including fixed-price contracts)] or other factors.

[removed: Our] [added: Furthermore, our] suppliers of component parts may significantly and quickly increase their prices in response to increases in [removed: costs of raw materials that they use to manufacture the component parts.]

The development of new products and technologies requires substantial investment and is required to remain competitive in the markets we [removed: serve.][added: serve and new product markets.]

If we are unable to successfully introduce new commercial [removed: products,] [added: products or position] our [added: products for new product markets, our] profitability could be adversely affected.

Our ability to develop new products based on technological innovation [added: and to position our existing products in new markets] can affect our competitive position and often requires the investment of significant resources.

Climate change could also present [added: physical] risks to our operations.

Further, although we are working towards and intend to meet our goal of achieving near-total decarbonization (scope 1 and 2 emissions) within our operations by 2040, we may be required to expend significant resources to do so, which could increase our operational [removed: costs.][added: costs, and there can be no assurance that recently completed or future acquisitions will not make the achievement of this goal more difficult or costly.]

We depend on the skills, institutional knowledge, working relationships, and continued services and contributions of key personnel, including our leadership [removed: team] [added: team, engineers] and others at all levels of the company, as a critical part of our human capital resources.

We compete with other companies both within and outside of our industry for talented personnel in a highly competitive labor market, and we may lose key personnel or fail to attract other talented personnel or otherwise identify and retain suitable [removed: replacements.][added: replacements, and face increased]

[removed: Any such loss or failure] [added: These challenges in labor markets] could have material adverse effects on our results of operations, financial condition and cash flows.

We are subject to risks relating to acquisitions and joint ventures, [removed: and risks relating to] the integration of acquired [removed: companies.][added: companies, and divestitures of certain product lines or categories.]

In addition, we may be unable to consummate announced pending transactions, including the [removed: Curtis Instruments, Inc. acquisition,] [added: acquisition of CIRCOR Aerospace,] due to an inability to obtain necessary regulatory approvals or support for otherwise suitable business targets or joint venture opportunities or otherwise, and we may be unable to obtain such regulatory approvals or support or otherwise consummate transactions on the timeline or terms that we anticipate, if at all.

If we are unable to avoid these [removed: risks,] [added: risks relating to acquisitions, integrations of acquisitions, and divestitures,] our results of operations and financial condition could be materially adversely affected.

In addition, we may not be able to integrate successfully any businesses that we purchase into our existing business, [added: including FGC] and [added: Curtis, and] it is possible that any acquired businesses or joint ventures may not be profitable.

Our future success depends, in part, on the ability to manage this expanded business, which may pose or has posed substantial challenges for management, including challenges related to the management and monitoring of the expanded global operations and new manufacturing [removed: processes and products, and the associated costs and complexity.]

There can be no assurance of successful management of these matters or that we will realize the [removed: expected] benefits of [removed: the acquisitions.][added: acquisitions as expected.]

We regularly execute organizational changes such as divestitures and realignments [added: of existing and newly acquired businesses] to support our growth and cost management strategies.

Our future financial condition and cash flow could be adversely affected by changes in effective tax rate as a result of changes in tax laws and judicial or regulatory interpretation [removed: thereof (including regulations and other guidance promulgated under the One Big Beautiful Bill Act),] [added: thereof,] the mix of earnings in countries with differing statutory tax rates, changes in overall profitability, changes in U.S. generally accepted accounting principles ("GAAP"), or changes in the valuation of deferred tax assets.

We have incurred significant indebtedness, and expect to incur [added: a significant amount of] additional debt for acquisitions, [added: including in connection with the acquisition of FGC and the pending acquisition of CIRCOR Aerospace, as well as for] operations, research and development and capital expenditures, or for other reasons related to our overall capital deployment strategy.

Factors that could indicate that our goodwill is impaired include a decline in our stock price and market capitalization, lower than projected operating results and cash flows, and slower growth rates in our [removed: industry.]

[added: Declines in our stock price, lower] operating results and any decline in industry conditions in the future could increase the risk of impairment.

If the Company were charged with wrongdoing as a result of any such investigation, [added: or failed to achieve or maintain required cybersecurity certifications,] it could be suspended [added: or debarred] from bidding on or receiving awards of new government contracts, [removed: and we could be] subject to fines or penalties associated with contract non-compliance or resulting from such [removed: investigations,] [added: investigations or lose its export privileges,] which could have a material adverse effect on our results of [removed: operations.][added: operations and financial condition.]

[removed: Despite our] policies, procedures and compliance programs, our internal controls and compliance systems may not be able to protect the Company from prohibited acts willfully committed by our employees, agents or business partners that would violate such applicable laws and regulations.

We own a number of patents, trade secrets, copyrights, trademarks, trade names and other forms of intellectual property related to our products and services throughout the world and [added: in the operation of our business.]

Furthermore, completed and pending acquisitions may increase our international exposure and the complexity of managing operations across multiple jurisdictions.

- potentially adverse tax consequences.

renegotiation of the United States-Mexico-Canada Agreement.

The sophistication of cyber threats continues to evolve and grow, including the risk associated with the use of artificial intelligence and quantum computing by threat actors to conduct more targeted and evasive attacks.

We rely on a limited number of suppliers for certain critical components, such as specialty electronics, rare earths, specialty chemicals, aerospace super alloys and filtration media, and recent and planned acquisitions may increase our exposure to supply concentration risk.

Any disruption in supply from these sources could require us to seek alternative suppliers, potentially at higher cost or with delays that could impact production schedules.

costs of raw materials that they use to manufacture the component parts.

For example, artificial intelligence technologies are rapidly developing and our business may be adversely affected if we cannot successfully integrate such technologies into our internal business processes and product and service offerings, or if we cannot effectively position our products to serve the needs of artificial intelligence technology providers, including data center infrastructure, in a timely, cost-effective, compliant and responsible manner.

To advance our innovation and position us to meet our customers’ expectations, we make investments in emerging technologies that we believe are needed to keep pace with rapid industry innovation.

Increased public awareness and concern regarding environmental risks, including global climate change, may result in more international, regional and/or federal requirements or industry standards to reduce or mitigate global warming and other environmental risks.

These regulations or standards could mandate more restrictive requirements, such as stricter limits on greenhouse gas emissions, than the voluntary commitments that we have made or require such changes on a more accelerated time frame.

There continues to be a lack of consistent climate legislation across jurisdictions, which creates economic and regulatory uncertainty.

Conversely, changes in governmental policy or leadership could lead to the rollback of existing climate regulations, potentially exposing the Company to stranded investments in compliance infrastructure or creating competitive disparities relative to companies that did not make such investments.

If environmental laws or regulations or industry standards are either changed or adopted and impose significant operational restrictions and compliance requirements upon the Company or its products, or if anticipated regulations fail to materialize after we have made substantial compliance investments, our business, operations and financial condition could be negatively impacted.

cost pressures for labor.

We continually assess the strategic fit of our existing businesses and may divest or otherwise dispose of businesses that are deemed not to fit within our strategic plan or are not achieving the desired return on investment.

These transactions pose risks and challenges that could negatively impact our business.

For example, when we decide to sell or otherwise dispose of a business or assets, we may be unable to do so on satisfactory terms within our anticipated timeframe or at all, and even after reaching a definitive agreement to sell or dispose of a business, the sale is typically subject to satisfaction of pre-closing conditions which may not become satisfied.

The divestiture process may also result in the disclosure of proprietary or competitively sensitive information to potential buyers, the incurrence of stranded costs that are not fully absorbed by the divested business, or the need to provide transition services that divert management attention and resources.

Any strategic divestiture of a product line or business or exit of a product line or product category may reduce our revenue and earnings, result in material costs and expenses, create potential indemnification or retained liability obligations and cause disruption to our employees, customers, vendors and communities in which we operate.

processes and products, and the associated costs and complexity.

industry.

The amount of goodwill on our balance sheet may increase significantly in connection with pending and future acquisitions, which could increase our exposure to impairment risk.

The timing and amount of the Company’s share repurchases are subject to a number of uncertainties and may affect our common stock price.

Share repurchases generally constitute a component of our capital allocation strategy.

We have historically funded our share repurchases with free cash flow and short-term borrowings.

The amount and timing of share repurchases will be based on a variety of factors and past activity is not necessarily indicative of future repurchase levels.

Important factors that could impact our decisions to pursue share repurchases include market conditions, the price of our shares, the nature and timing of other investment opportunities, such as acquisitions, changes in our business strategy, the terms of our financing arrangements, our outlook as to the ability to obtain financing at attractive rates, the impact on our credit ratings, legal and regulatory restrictions (including under the terms of financing arrangements), the availability of domestic cash, and overall business expectations.

There can be no assurance that any share repurchases will enhance shareholder value because the market price of our shares may decline below the levels at which we repurchased our shares, and short-term stock price fluctuations could reduce the program’s effectiveness.

U.S. Government contractors are subject to extensive legal and regulatory requirements, including the International Traffic in Arms Regulations (“ITAR”), the Export Administration Regulations, the U.S. Foreign Corrupt Practices Act and evolving cybersecurity requirements such as the Cybersecurity Maturity Model Certification framework.

From time to time, agencies of the U.S. Government investigate whether we have been and are operating in accordance with these and/or applicable contractual requirements.

Changes in export control lists or the scope of ITAR-controlled items may require us to modify our operations, obtain additional licenses or restrict certain business activities.

Despite our

For example, our Aerospace Systems Segment produces aircraft components and systems that are critical to flight safety, and accordingly, the adverse impact of product quality issues, actual or perceived, can be significant.

Our operations expose us to potential liabilities for personal injury or death as a result of the failure of an aircraft product that we have designed or manufactured, and such liabilities could be substantial given the catastrophic nature of potential aerospace incidents.

In addition, a product safety issue could result in mandatory or voluntary recalls, airworthiness directives from the Federal Aviation Administration or other regulatory authorities, grounding of aircraft or temporary cessation of operations by our airline customers.

If personal injury or death were to be caused by one of our products, or if we were to otherwise fail to maintain a satisfactory record of safety and reliability, our ability to retain and attract customers may be materially adversely affected.

Additional risks not currently known to the*

- import and export controls;

- potentially adverse tax consequences, including any consequences from the One Big Beautiful Bill Act; and

In addition, worldwide focus on climate change issues has led to legislative and regulatory efforts to limit greenhouse gas emissions in the United States and in other countries in which we operate.

Increased regulation of greenhouse gas emissions and other climate change concerns could subject us to additional costs and restrictions, including increased energy and raw material costs.

We are not able to predict how such regulations would affect our business, operations or financial results, but increased regulation could have a material adverse effect on our business, operations and financial condition.

Declines in our stock price, lower

We are subject to government investigations of our business practices and compliance with government acquisition regulations.

in the operation of our business.

- uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions, including the [added: pending] acquisition of [removed: Curtis Instruments, Inc.;][added: CIRCOR Aerospace, and the integration of FGC and Curtis;]

- threats associated with international [removed: conflicts] [added: conflicts, including geopolitical tensions in the Middle East,] and cybersecurity risks and risks associated with protecting our intellectual property;

- manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and economic conditions such as inflation, deflation, interest rates and credit availability; [removed: inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals;]

- [removed: large scale] [added: large-scale] disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics.

The Company makes these statements as of the date of the filing of this Annual Report on Form 10-K for the year ended June 30, [removed: 2025] [added: 2026] and undertakes no obligation to update them unless otherwise required by law.

- successfully executing The Win Strategy initiatives relating to engaged people, [removed: premier] customer experience, profitable growth and financial performance;

- enabling a sustainable future by providing innovative [removed: clean] technology solutions that offer a [removed: positive,] [added: positive] global environmental impact and operating responsibly by reducing our energy use and emissions;

- creating a culture of empowerment through our values, [removed: inclusion and diversity,] [added: inclusion,] accountability and teamwork.

We manage our supply chain through our "local for local" manufacturing strategy, ongoing supplier management [removed: process,] [added: process] and broadened supply base.

Over the long term, the extent to which our business and results of operations will be impacted by global economic and political [removed: uncertainty,] [added: uncertainty and] geopolitical risks [removed: and public health crises] depends on future developments that remain uncertain.

Management's Discussion and Analysis of Financial Condition and Results of [removed: Operations.][added: Operations ("MD&A") is intended to provide a reader of our financial statements with a narrative, from management's perspective, on our financial condition and results of operations.]

[removed: Discussion of] [added: For a discussion comparing] the [removed: 2023 financial statements is included in] [added: year ended 2025 to the year ended 2024, refer to] Part II, Item 7 of the Company's [removed: 2024] Annual Report on Form [removed: 10-K.][added: 10-K for the year ended June 30, 2025.]

| Net sales | | | | | | $ | [removed: 19,850] [added: 21,499] | | | | | $ | [removed: 19,930] [added: 19,850] | | | | | | | |

| Gross profit margin | | | | | | [removed: 36.9] [added: 37.7] | | % | | | | [removed: 35.8] [added: 36.9] | | % | | | | | | |

| Selling, general and administrative expenses | | | | | | $ | [removed: 3,255] [added: 3,468] | | | | | $ | [removed: 3,315] [added: 3,255] | | | | | | | |

| Selling, general and administrative expenses, as a percent of sales | | | | | | [removed: 16.4] [added: 16.1] | | % | | | | [removed: 16.6] [added: 16.4] | | % | | | | | | |

| Interest expense | | | | | | $ | [removed: 409] [added: 401] | | | | | $ | [removed: 506] [added: 409] | | | | | | | |

[removed: | Other (income) expense, net | | | | | | (183) | | | | | | (276) | | | | | | | | |][added: Other Expense (Income), Net]

| Effective tax rate | | | | | | [removed: 14.0] [added: 20.0] | | % | | | | [removed: 20.9] [added: 14.0] | | % | | | | | | |

| Net income attributable to common shareholders | | | | | | $ | [removed: 3,531] [added: 3,648] | | | | | $ | [removed: 2,844] [added: 3,531] | | | | | | | |

[removed: Gross] [added: Gross] profit [removed: margin (calculated] [added: margin is calculated] as net sales less cost of sales, divided by net [removed: sales)] [added: sales, and] increased in [removed: 2025] [added: 2026] primarily due to higher margins in both segments [removed: resulting from price increases, favorable] [added: primarily driven by sales volume, partially offset by unfavorable] product [removed: mix, cost containment] [added: mix] and [removed: continued execution of the Win Strategy.][added: increased material costs.]

[removed: Interest expense] [added: Interest expense] in [removed: 2025] [added: 2026] decreased compared to [removed: 2024] [added: 2025] primarily due to lower average [removed: debt outstanding.][added: rates on commercial paper borrowings.]

Other [removed: (income) expense, net included the following:][added: Expense (Income), Net]

| Foreign currency transaction loss [removed: (gain)(1)] [added: (gain)] | | | | | | $ | [removed: 46] [added: (31)] | | | | | $ | [removed: (38)] [added: 46] | | | | | | | |

| Income related to equity method investments | | | | | | [removed: (178)] [added: (218)] | | | | | | [removed: (152)] [added: (178)] | | | | | | | | |

| Non-service components of retirement benefit cost [added: (income)] | | | | | | [removed: (51)] [added: (64)] | | | | | | [removed: (73)] [added: (51)] | | | | | | | | |

| Interest income | | | | | | [removed: (11)] [added: (14)] | | | | | | [removed: (15)] [added: (11)] | | | | | | | | |

| Other items, net | | | | | | [removed: 3] [added: 29] | | | | | | [removed: 2] [added: (17)] | | | | | | | | |

| Total other [removed: (income) expense,] [added: expense (income),] net | | | | | | $ | [removed: (183)] [added: (330)] | | | | | $ | [removed: (276)] [added: (456)] | | | | | | | |

Refer to Note [removed: 3] [added: 13] to the [removed: Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K] [added: consolidated financial statements] for further discussion.

[removed: Effective] [added: The effective] tax [removed: rate] [added: rate] in [removed: 2025,] [added: 2025] was lower than the U.S. Federal statutory rate of [removed: 21 percent] [added: 21%] due to tax benefits from the release of a foreign valuation allowance, share-based compensation, foreign-derived intangible income and a tax benefit from a lower taxable gain on divestitures than gain under GAAP, which were partially offset by U.S. state and local taxes and taxes related to international activities.

The effective tax rate in [removed: 2024,] [added: 2026] was lower than the U.S. Federal statutory rate of [removed: 21 percent] [added: 21%] due to share-based [removed: compensation and] [added: compensation,] foreign-derived intangible [removed: income,] [added: income and U.S. Federal income tax credits,] which were partially offset by U.S. state and local taxes and [removed: taxes related to international activities.][added: tax effects in foreign jurisdictions.]

Refer to Note 5 to the [removed: Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K] [added: consolidated financial statements] for a further reconciliation of the U.S. federal statutory tax rate to our effective tax rate.

[removed: BUSINESS SEGMENT INFORMATION][added: Business Segment Results]

The [removed: Business Segment] [added: following segment] information [removed: presents sales and operating income] [added: is presented] on a basis that is consistent with the manner in which the Company's various businesses are managed for internal review and decision-making.

Diversified [removed: Industrial Segment][added: Industrial]

| [removed: Net sales | | | | | |] [added: Net sales] | | | | | | | | | | | | | | |

| [removed: North] [added: North] America [removed: businesses] [added: businesses] | | | | | | [removed: $] | [removed: 8,134] | | | | | [removed: $] | [removed: 8,801] | | | | | | | |

| [removed: International businesses] [added: International businesses] | | | | | | [removed: 5,531] | | | | | | [removed: 5,657] | | | | | | | | |

| Diversified Industrial [removed: Segment] | | | | | | [removed: 13,665 | | | | | | 14,458] [added: $] | [added: 14,438] | | | | | [added: $] | [added: 13,665] | |

The following discussion and analysis should be read in conjunction with the consolidated financial statements and the accompanying notes in Item 8 in this Annual Report on Form 10-K for the year ended June 30, 2026.

As used in this Annual Report on Form 10-K, unless the context otherwise requires, the terms "Company", "Parker", "we" or "us" refer to Parker-Hannifin Corporation and its subsidiaries.

- inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals;

In particular, the tariff environment continues to be dynamic.

In February 2026, the U.S. Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act ("IEEPA") on goods imported into the U.S. were unauthorized.

During the fourth quarter of fiscal 2026, the Company recognized a reduction to cost of sales of $84 million related to IEEPA tariff refunds received from the U.S. government.

We have applied for additional refunds under the same program, though for lesser amounts.

No receivable has been recorded for these additional refunds as the amount and timing remain uncertain.

Consolidated Results

The following discussion and accompanying table provide an analysis of our operating performance for 2026 and 2025, with selected Consolidated Statements of Income line items expressed as a percentage of revenue to enhance comparability between periods.

| For the years ended June 30, | | | | | | 2026 | | | | | | 2025 | | | | | | | | |

Throughout this discussion, both reported sales growth, determined in accordance with U.S. GAAP, and organic sales growth, a non-GAAP measure, are presented.

Organic sales growth represents the percentage change in net sales adjusted to exclude the effects of acquisitions and divestitures for the twelve-month period following their completion, as well as the impact of changes in currency exchange rates.

Management believes these adjustments provide management and investors with additional insight into underlying sales trends and facilitate meaningful period-to-period comparisons of operating performance.

References to organic sales in this discussion reflect this measure and are presented as a percentage increase or decrease relative to the comparable prior-year period.

Total Company net sales changed as follows:

| | | | | | | 2026 | | |

| Reported sales growth | | | | | | 8.3 | | % |

| Less: currency | | | | | | 1.2 | | % |

| Less: divestitures | | | | | | (0.7) | | % |

| Less: acquisitions | | | | | | 1.2 | | % |

| Organic sales growth | | | | | | 6.6 | | % |

Net sales in 2026 increased by $1,649 million, or 8.3%, compared to 2025, which was primarily driven by organic growth in both segments.

Acquisitions net of divestitures increased sales by approximately $91 million in 2026.

These changes are discussed in more detail within the business segment results section below.

Gross Profit Margin

Selling, General and Administrative Expenses

Selling, general and administrative expenses increased in 2026 compared to 2025 primarily due to higher stock-based compensation expense, acquisition-related expenses, research and development expenses, and intangible asset amortization.

Interest Expense

| For the years ended June 30, | | | | | | 2026 | | | | | | 2025 | | | | | | | | |

| Gain on sale of businesses(1) | | | | | | (9) | | | | | | (253) | | | | | | | | |

| Insurance-related charges (recoveries) | | | | | | (23) | | | | | | 8 | | | | | | | | |

Income Taxes

| For the years ended June 30, | | | | | | 2026 | | | | | | 2025 | | |

| Aerospace Systems | | | | | | 7,061 | | | | | | 6,185 | | |

| Total net sales | | | | | | $ | 21,499 | | | | | $ | 19,850 | |

| Aerospace Systems | | | | | | 1,833 | | | | | | 1,441 | | |

| Total segment operating income | | | | | | 5,273 | | | | | | 4,561 | | |

| Corporate general and administrative expenses | | | | | | 205 | | | | | | 214 | | |

| Income before interest expense and other expense (income), net | | | | | | 5,068 | | | | | | 4,347 | | |

The discussion below is structured to separately discuss the Consolidated Statement of Income, Business Segments, and Liquidity and Capital Resources.

The Company has changed its presentation on the Consolidated Financial Statements from thousands to millions and, as a result, any necessary rounding adjustments have been made to prior period disclosed amounts within Item 7.

CONSOLIDATED STATEMENT OF INCOME

The Consolidated Statement of Income summarizes the Company's operating performance.

The discussion below compares the operating performance in 2025 and 2024.

| (dollars in millions) | | | | | | 2025 | | | | | | 2024 | | | | | | | | |

| Gain on sale of businesses and assets, net | | | | | | $ | (273) | | | | | $ | (12) | | | | | | | |

Net sales in 2025 decreased from the 2024 amount due to lower sales in the Diversified Industrial Segment, partially offset by higher sales in the Aerospace Systems Segment resulting from strength across commercial and defense markets.

Within the Diversified Industrial Segment, the impact of divestiture activity decreased sales by approximately $295 million in 2025.

The effect of currency exchange rates decreased net sales in 2025 by approximately $41 million, which is primarily attributable to the Diversified Industrial Segment.

Cost of sales also included business realignment and acquisition integration charges of $31 million and $34 million in 2025 and 2024, respectively.

Selling, general and administrative expenses decreased in 2025 compared to 2024 primarily due to benefits from prior-year restructuring and acquisition-integration activities, lower research and development expenses and cost containment initiatives.

Selling, general and administrative expenses also included business realignment and acquisition integration charges of $45 million and $55 million in 2025 and 2024, respectively.

| Saegertown incident(2) | | | | | | 8 | | | | | | — | | | | | | | | |

| (1) Foreign currency transaction loss (gain) primarily relates to the impact of exchange rates on cash, forward contracts and intercompany transactions. | | | | | | | | | | | | | | | | | | | | |

| (2) On February 9, 2025, a fire damaged a portion of our Saegertown, Pennsylvania facility, causing a pause in production. Some production and operations were re-established within days of the event. Global available capacity has been utilized to restore production, substantially fulfill demand and minimize customer disruption. There was no material impact as a result of this disruption during fiscal 2025 and none is expected during future periods. We maintain third-party insurance coverage for property damage, clean-up, replacement and business interruption, subject to an $8 million deductible and liability retention for the event, which was recorded in the third quarter of 2025. While we expect to be reimbursed for a significant portion of our business interruption impacts by our third-party insurance coverage, we will not record any associated gain until realized. | | | | | | | | | | | | | | | | | | | | |

Gain on sale of businesses and assets, net in 2025 primarily relates to the divestiture of the composites and fuel containment ("CFC") business.

| North America businesses | | | | | | 1,891 | | | | | | 1,963 | | | | | | | | |

| International businesses | | | | | | 1,229 | | | | | | 1,213 | | | | | | | | |

| Operating income as a percent of sales | | | | | | | | | | | | | | | | | | | | |

| North America businesses | | | | | | 23.2 | | % | | | | 22.3 | | % | | | | | | |

| International businesses | | | | | | 22.2 | | % | | | | 21.4 | | % | | | | | | |

| Diversified Industrial Segment | | | | | | 22.8 | | % | | | | 22.0 | | % | | | | | | |

| | | | | | | | | | | | | | | |

| | | | | | | 2025 | | | | | | | | |

| North America businesses – as reported | | | | | | (7.6) | | % | | | | | | |

| Divestitures | | | | | | (3.4) | | % | | | | | | |

| Currency | | | | | | (0.5) | | % | | | | | | |

| North America businesses – without divestitures and currency(1) | | | | | | (3.7) | | % | | | | | | |

| International businesses – as reported | | | | | | (2.2) | | % | | | | | | |

| Currency | | | | | | (0.3) | | % | | | | | | |

| International businesses – without currency(1) | | | | | | (1.9) | | % | | | | | | |

| Diversified Industrial Segment – as reported | | | | | | (5.5) | | % | | | | | | |

| Divestitures | | | | | | (2.0) | | % | | | | | | |

| Diversified Industrial Segment – without divestitures and currency(1) | | | | | | (3.0) | | % | | | | | | |

| (1) This table reconciles the percentage changes in net sales of the Diversified Industrial Segment reported in accordance with GAAP to percentage changes in net sales adjusted to remove the effects of divestitures for 12 months after their completion as well as changes in currency exchange rates (a non-GAAP measure). The effects of divestitures and changes in currency exchange rates are removed to allow investors and the Company to meaningfully evaluate the percentage changes in net sales on a comparable basis from period to period. | | | | | | | | | | | | | | |

Diversified Industrial Segment sales in 2025 decreased $793 million from 2024.

The effect of currency exchange rates decreased sales by approximately $63 million.

The impact of divestiture activity decreased sales by approximately $295 million.

Excluding the effects of changes in currency exchange rates and divestiture activity, sales in 2025 decreased $435 million from prior-year levels.

Derivative financial instruments are recognized on the Consolidated Balance [removed: Sheet] [added: Sheets] as either assets or liabilities and are measured at fair value.

Further information on the fair value of these contracts is provided in Note [removed: 17] [added: 16] to the [removed: Consolidated Financial Statements in Part II, Item 8 of this Annual Report on Form 10-K.][added: consolidated financial statements.]

Derivatives that are not designated as hedges are adjusted to fair value by recording gains and losses through the Consolidated [removed: Statement] [added: Statements] of Income.

Derivatives that are designated as hedges are adjusted to fair value by recording gains and losses through accumulated other comprehensive loss in the Consolidated Balance [removed: Sheet] [added: Sheets] until the hedged item is recognized in earnings.

A [removed: 10 percent] [added: 10%] change in foreign exchange rates related to our forward exchange contracts as of June 30, [removed: 2025,] [added: 2026,] would affect earnings by approximately [removed: $80] [added: $131] million.

A 100 basis point increase in near-term interest rates would increase annual interest expense on variable rate debt, consisting of commercial paper borrowings as of June 30, [removed: 2025,] [added: 2026,] by approximately [removed: $18] [added: $10] million.

We serve several hundred thousand [removed: OEM] [added: original equipment manufacturers ("OEMs")] and distribution customer locations.

Of the Company's [removed: $19.9] [added: $21.5] billion in net sales for fiscal year [removed: 2025,] [added: 2026,] Diversified Industrial Segment products accounted for [removed: 69 percent] [added: 67%] and Aerospace Systems Segment products accounted for [removed: 31 percent.][added: 33%.]

[removed: Diversified Industrial Segment.] Our Diversified Industrial Segment, which is an aggregation of several business units, sells highly engineered differentiated products to both [removed: original equipment manufacturers ("OEMs")] [added: OEMs] and distributors who serve the aftermarket replacement markets.

[removed: Aerospace Systems Segment.] Our Aerospace Systems Segment sells highly engineered, differentiated airframe and engine components and systems to OEMs and aftermarket parts and maintenance directly to end users primarily in the commercial aerospace and defense market verticals.

We offer hundreds of thousands of individual part numbers, and no single product contributed more than one percent to our total net sales for the year ended June 30, [removed: 2025.][added: 2026.]

[removed: Diversified Industrial Segment.] Our Diversified Industrial Segment products consist of a broad range of motion-control systems and components, which are described below:

[removed: Aerospace Systems Segment.] Our Aerospace Systems Segment products are used in commercial and defense airframe and engine programs and include:

We offer our products over numerous, varied markets through our divisions operating in [removed: 43] [added: 44] countries.

While our primary global competitors include Bosch Rexroth AG, [added: Copeland,] Danaher Corporation, Danfoss A/S, Donaldson Company, Inc., [removed: Emerson Climate Technologies, Inc.,] Emerson/ASCO, Festo [removed: AG] [added: SE] & Co., Freudenberg-NOK, Gates Corporation, IMI/Norgren, SMC Corporation, Swagelok Company, and Trelleborg AB, none of these businesses compete with every group or product in our Diversified Industrial Segment.

Although we believe that we are one of the market leaders in most of the major markets for our most significant Aerospace Systems Segment products, primary global competitors for these products include Crane Co., Eaton Corporation plc, Honeywell [removed: International,] [added: Aerospace] Inc., Moog Inc., RTX Corporation, Safran S.A., Senior plc, Triumph Group, Inc., and Woodward, Inc.

Our backlog was [removed: $11.0] [added: $12.8] billion at June 30, [removed: 2025] [added: 2026] and [removed: $10.9] [added: $11.0] billion at June 30, [removed: 2024.][added: 2025.]

Approximately [removed: 71 percent] [added: 70%] of our backlog at June 30, [removed: 2025] [added: 2026] is scheduled for delivery in the succeeding twelve months.

Certain of our operations require the use and handling of hazardous materials and, as a result, the Company is subject to United States federal, state, and local laws and regulations as well as non-U.S. laws and regulations designed to protect the [added: environment and regulate the discharge of materials into the environment.]

As of June 30, [removed: 2025,] [added: 2026,] Parker was involved in environmental remediation and litigation at various U.S. and non-U.S. manufacturing facilities presently or formerly operated by us [added: (or by an acquired legal entity)] and as a "potentially responsible party," along with other companies, at off-site waste disposal facilities and regional sites.

Our reserve for environmental matters is discussed in Note [removed: 18] [added: 17] to the [removed: Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K,] [added: consolidated financial statements] which is incorporated herein by reference.

On September [removed: 12, 2022,] [added: 18, 2025,] the Company completed the acquisition of [removed: Meggitt plc ("Meggitt").][added: Curtis Instruments, Inc. ("Curtis").]

The [removed: pending acquisition] [added: acquisitions] of Curtis [removed: Instruments, Inc.] and [removed: prior year acquisitions] [added: FGC and the pending acquisition of CIRCOR Aerospace] are discussed in [removed: Note] [added: Notes] 3 [added: and 20] to the [removed: Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K and is] [added: consolidated financial statements, which are] incorporated herein by reference.

As of June 30, [removed: 2025,] [added: 2026,] we employed approximately [removed: 57,950] [added: 59,850] persons that we refer to as “team members,” of whom approximately [removed: 29,520] [added: 30,830] were employed by foreign subsidiaries.

[removed: We see a clear path to a brighter future, and it begins with providing our people the resources that enable them to] find personal and professional satisfaction in their work, responsibly move our company forward and strengthen our communities, fulfilling our purpose of *Enabling Engineering Breakthroughs that Lead to a Better Tomorrow*.

[removed: *The] [added: The] Win Strategy™ 3.0, Purpose and [removed: Values*][added: Values]

[removed: *Safety*][added: Safety]

[removed: *Engaged People*][added: Engaged People]

[removed: *Talent Development*][added: Talent Development]

Examples of center-led programs are our annual ethics and compliance training and [removed: cyber security] [added: cybersecurity] training that all team members are required to complete, in addition to programs for developing supervisory and leadership skills.

[removed: *Inclusion*][added: Inclusion]

We have an ongoing commitment to an inclusive and welcoming workplace where everyone feels valued and adds [removed: value.][added: value, and different points of view are respected.]

One important component of Parker’s inclusive workplace is the development and deployment of Business Resource [removed: Groups ("BRGs"),] [added: Groups,] each of which is open to all team members.

In addition to our [removed: BRGs,] [added: Business Resource Groups,] we have processes in place to attract and retain team members with a wide range of backgrounds, perspectives and experiences, helping to support them with career plans and experienced mentors.

[removed: *Compensation] [added: Compensation] and [removed: Benefits*][added: Benefits]

Our executive officers as of August 15, [removed: 2025,] [added: 2026,] were as follows:

| Name | | | | | | Position | | | | | | Officer Since(1) | | | | | | Age as of [removed: 8/15/25] [added: 8/15/26] | | |

| Jennifer A. Parmentier | | | | | | Chairman of the Board and Chief Executive Officer | | | | | | 2015 | | | | | | [removed: 58] [added: 59] | | |

| Todd M. Leombruno | | | | | | Executive Vice President and Chief Financial Officer | | | | | | 2017 | | | | | | [removed: 55] [added: 56] | | |

| Andrew D. Ross | | | | | | President and Chief Operating Officer | | | | | | 2012 | | | | | | [removed: 58] [added: 59] | | |

| Mark J. Hart | | | | | | Executive Vice President – Human Resources and External Affairs | | | | | | 2016 | | | | | | [removed: 60] [added: 61] | | |

| Rachid Bendali | | | | | | Vice President and President – Engineered Materials Group | | | | | | 2022 | | | | | | [removed: 48] [added: 49] | | |

| Berend Bracht | | | | | | Vice President and President – Motion Systems Group | | | | | | 2021 | | | | | | [removed: 59] [added: 60] | | |

| Mark T. Czaja | | | | | | Vice President – Chief Technology and Innovation Officer | | | | | | 2021 | | | | | | [removed: 63] [added: 64] | | |

| Thomas C. Gentile | | | | | | Vice President – Global Supply Chain | | | | | | 2017 | | | | | | [removed: 53] [added: 54] | | |

| Angela R. Ives | | | | | | Vice President and Controller | | | | | | 2021 | | | | | | [removed: 52] [added: 53] | | |

On August 13, 2026, the Company completed the acquisition of Filtration Group Corporation ("FGC").

In May 2026, we entered into a definitive agreement under which we expect to acquire the commercial and defense aerospace business of CIRCOR International, Inc. ("CIRCOR Aerospace").

We see a clear path to a brighter future, and it begins with providing our people the resources that enable them to

He was Vice President, General Counsel and Secretary from July 2014 to August 2025.

environment and regulate the discharge of materials into the environment.

On June 30, 2025, the Company announced that it has agreed to acquire Curtis Instruments, Inc. from Rehlko.

In fiscal year 2025, the recordable incident rate per 100 team members was 0.27, compared to a recordable incident rate of 0.31 in fiscal year 2024.

| | | | | | | | | | | | | | | | | | | | | |

| Robert W. Malone | | | | | | Vice President | | | | | | 2014 | | | | | | 61 | | |

Mr. Malone has been a Vice President since December 2014 and previously also held the role of President of the Filtration Group from December 2014 to June 2025.

He was Vice President of Operations for the Filtration Group from January 2013 to December 2014.

For the fiscal year ended June 30, [removed: 2025][added: 2026]

[removed: ][added: ]

The aggregate market value of the outstanding common stock held by non-affiliates of the Registrant as of December 31, [removed: 2024:$81,765,915,350.][added: 2025:$110,763,388,251.]

The number of Common Shares outstanding on July 31, [removed: 2025] [added: 2026] was [removed: 126,682,154.][added: 126,047,469.]

Portions of the Definitive Proxy Statement for the Company’s [removed: 2025] [added: 2026] Annual Meeting of Shareholders, to be held on October [removed: 22, 2025,] [added: 28, 2026,] are incorporated by reference into Part III of this Annual Report on Form 10-K.

[removed: TABLE] [added: TABLE] OF [removed: CONTENTS][added: CONTENTS]

| Item 1. | | | [removed: [Business](#i495ebbf7ea7c4d72afd93f58cca82cd7_13)] [added: [Business](#i50e44193020545fe87476e4fd0a6168f_13)] | | | [removed: [2](#i495ebbf7ea7c4d72afd93f58cca82cd7_13)] [added: [2](#i50e44193020545fe87476e4fd0a6168f_13)] | | |

| Item 1A. | | | [Risk [removed: Factors](#i495ebbf7ea7c4d72afd93f58cca82cd7_19)] [added: Factors](#i50e44193020545fe87476e4fd0a6168f_16)] | | | [removed: [8](#i495ebbf7ea7c4d72afd93f58cca82cd7_19)] [added: [9](#i50e44193020545fe87476e4fd0a6168f_16)] | | |

| Item 1B. | | | [Unresolved Staff [removed: Comments](#i495ebbf7ea7c4d72afd93f58cca82cd7_22)] [added: Comments](#i50e44193020545fe87476e4fd0a6168f_19)] | | | [removed: [15](#i495ebbf7ea7c4d72afd93f58cca82cd7_22)] [added: [16](#i50e44193020545fe87476e4fd0a6168f_19)] | | |

| Item 1C. | | | [removed: [Cybersecurity](#i495ebbf7ea7c4d72afd93f58cca82cd7_25)] [added: [Cybersecurity](#i50e44193020545fe87476e4fd0a6168f_22)] | | | [removed: [15](#i495ebbf7ea7c4d72afd93f58cca82cd7_25)] [added: [17](#i50e44193020545fe87476e4fd0a6168f_22)] | | |

| Item 2. | | | [removed: [Properties](#i495ebbf7ea7c4d72afd93f58cca82cd7_28)] [added: [Properties](#i50e44193020545fe87476e4fd0a6168f_25)] | | | [removed: [16](#i495ebbf7ea7c4d72afd93f58cca82cd7_28)] [added: [18](#i50e44193020545fe87476e4fd0a6168f_25)] | | |

| Item 3. | | | [Legal [removed: Proceedings](#i495ebbf7ea7c4d72afd93f58cca82cd7_31)] [added: Proceedings](#i50e44193020545fe87476e4fd0a6168f_28)] | | | [removed: [16](#i495ebbf7ea7c4d72afd93f58cca82cd7_31)] [added: [18](#i50e44193020545fe87476e4fd0a6168f_28)] | | |

| Item 4. | | | [Mine Safety [removed: Disclosures](#i495ebbf7ea7c4d72afd93f58cca82cd7_34)] [added: Disclosures](#i50e44193020545fe87476e4fd0a6168f_31)] | | | [removed: [16](#i495ebbf7ea7c4d72afd93f58cca82cd7_34)] [added: [18](#i50e44193020545fe87476e4fd0a6168f_31)] | | |

| Item 5. | | | [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity [removed: Securities](#i495ebbf7ea7c4d72afd93f58cca82cd7_40)] [added: Securities](#i50e44193020545fe87476e4fd0a6168f_37)] | | | [removed: [17](#i495ebbf7ea7c4d72afd93f58cca82cd7_40)] [added: [19](#i50e44193020545fe87476e4fd0a6168f_37)] | | |

| Item 6. | | | [removed: [\[Reserved\]](#i495ebbf7ea7c4d72afd93f58cca82cd7_43)] [added: [\[Reserved\]](#i50e44193020545fe87476e4fd0a6168f_40)] | | | [removed: [17](#i495ebbf7ea7c4d72afd93f58cca82cd7_43)] [added: [19](#i50e44193020545fe87476e4fd0a6168f_40)] | | |

| Item 7. | | | [Management’s Discussion and Analysis of Financial Condition and Results of [removed: Operations](#i495ebbf7ea7c4d72afd93f58cca82cd7_46)] [added: Operations](#i50e44193020545fe87476e4fd0a6168f_43)] | | | [removed: [18](#i495ebbf7ea7c4d72afd93f58cca82cd7_46)] [added: [20](#i50e44193020545fe87476e4fd0a6168f_43)] | | |

| Item 7A. | | | [Quantitative and Qualitative Disclosures About Market [removed: Risk](#i495ebbf7ea7c4d72afd93f58cca82cd7_70)] [added: Risk](#i50e44193020545fe87476e4fd0a6168f_67)] | | | [removed: [29](#i495ebbf7ea7c4d72afd93f58cca82cd7_70)] [added: [30](#i50e44193020545fe87476e4fd0a6168f_67)] | | |

| Item 8. | | | [Financial Statements and Supplementary [removed: Data](#i495ebbf7ea7c4d72afd93f58cca82cd7_73)] [added: Data](#i50e44193020545fe87476e4fd0a6168f_70)] | | | [removed: [30](#i495ebbf7ea7c4d72afd93f58cca82cd7_73)] [added: [31](#i50e44193020545fe87476e4fd0a6168f_70)] | | |

| Item 9. | | | [Changes in and Disagreements with Accountants on Accounting and Financial [removed: Disclosure](#i495ebbf7ea7c4d72afd93f58cca82cd7_160)] [added: Disclosure](#i50e44193020545fe87476e4fd0a6168f_160)] | | | [removed: [66](#i495ebbf7ea7c4d72afd93f58cca82cd7_160)] [added: [68](#i50e44193020545fe87476e4fd0a6168f_160)] | | |

| Item 9A. | | | [Controls and [removed: Procedures](#i495ebbf7ea7c4d72afd93f58cca82cd7_163)] [added: Procedures](#i50e44193020545fe87476e4fd0a6168f_163)] | | | [removed: [66](#i495ebbf7ea7c4d72afd93f58cca82cd7_163)] [added: [68](#i50e44193020545fe87476e4fd0a6168f_163)] | | |

| Item 9B. | | | [Other [removed: Information](#i495ebbf7ea7c4d72afd93f58cca82cd7_166)] [added: Information](#i50e44193020545fe87476e4fd0a6168f_166)] | | | [removed: [66](#i495ebbf7ea7c4d72afd93f58cca82cd7_166)] [added: [68](#i50e44193020545fe87476e4fd0a6168f_166)] | | |

| Item 9C. | | | [Disclosure Regarding Foreign Jurisdictions that Prevent [removed: Inspections](#i495ebbf7ea7c4d72afd93f58cca82cd7_169)] [added: Inspections](#i50e44193020545fe87476e4fd0a6168f_169)] | | | [removed: [66](#i495ebbf7ea7c4d72afd93f58cca82cd7_169)] [added: [68](#i50e44193020545fe87476e4fd0a6168f_169)] | | |

| Item 10. | | | [Directors, Executive Officers and Corporate [removed: Governance](#i495ebbf7ea7c4d72afd93f58cca82cd7_175)] [added: Governance](#i50e44193020545fe87476e4fd0a6168f_175)] | | | [removed: [66](#i495ebbf7ea7c4d72afd93f58cca82cd7_175)] [added: [69](#i50e44193020545fe87476e4fd0a6168f_175)] | | |

| Item 11. | | | [Executive [removed: Compensation](#i495ebbf7ea7c4d72afd93f58cca82cd7_178)] [added: Compensation](#i50e44193020545fe87476e4fd0a6168f_178)] | | | [removed: [67](#i495ebbf7ea7c4d72afd93f58cca82cd7_178)] [added: [69](#i50e44193020545fe87476e4fd0a6168f_178)] | | |

| Item 12. | | | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder [removed: Matters](#i495ebbf7ea7c4d72afd93f58cca82cd7_181)] [added: Matters](#i50e44193020545fe87476e4fd0a6168f_181)] | | | [removed: [67](#i495ebbf7ea7c4d72afd93f58cca82cd7_181)] [added: [69](#i50e44193020545fe87476e4fd0a6168f_181)] | | |

| Item 13. | | | [Certain Relationships and Related Transactions, and Director [removed: Independence](#i495ebbf7ea7c4d72afd93f58cca82cd7_184)] [added: Independence](#i50e44193020545fe87476e4fd0a6168f_184)] | | | [removed: [67](#i495ebbf7ea7c4d72afd93f58cca82cd7_184)] [added: [70](#i50e44193020545fe87476e4fd0a6168f_184)] | | |

| Item 14. | | | [Principal Accountant Fees and [removed: Services](#i495ebbf7ea7c4d72afd93f58cca82cd7_187)] [added: Services](#i50e44193020545fe87476e4fd0a6168f_187)] | | | [removed: [67](#i495ebbf7ea7c4d72afd93f58cca82cd7_187)] [added: [70](#i50e44193020545fe87476e4fd0a6168f_187)] | | |

| Item 15. | | | [Exhibits and Financial Statement [removed: Schedules](#i495ebbf7ea7c4d72afd93f58cca82cd7_193)] [added: Schedules](#i50e44193020545fe87476e4fd0a6168f_193)] | | | [removed: [68](#i495ebbf7ea7c4d72afd93f58cca82cd7_193)] [added: [71](#i50e44193020545fe87476e4fd0a6168f_193)] | | |

| [removed: [Signatures](#i495ebbf7ea7c4d72afd93f58cca82cd7_199)] [added: [Signatures](#i50e44193020545fe87476e4fd0a6168f_199)] | | | | | | [removed: [74](#i495ebbf7ea7c4d72afd93f58cca82cd7_199)] [added: [78](#i50e44193020545fe87476e4fd0a6168f_199)] | | |

Fiscal Year Ended June 30, [removed: 2025][added: 2026]

Parker’s dedicated Cyber Security team utilizes the National Institute of Standards and Technology [removed: ("NIST") Cyber Security] [added: (NIST) Cybersecurity] Framework as its primary resource for identifying areas of risk and benchmarking and implementing continuous improvements.

Parker also maintains [removed: cyber security] [added: cybersecurity] insurance designed to mitigate the impact of any attacks or threats to our business.

Our CDIO has served in various roles in information technology and information security for approximately [removed: 20] [added: 21] years with Fortune 500 companies.

Parker’s cybersecurity program is led by our Digital & IT VP – Infrastructure and Security, who functions as our chief information security officer ("CISO") and has over [removed: 25] [added: 26] years of experience in cybersecurity operations, cybersecurity governance and compliance, risk management, operational technology ("OT") and connected products ("IoT") with global Fortune 200 and Fortune 500 companies across diverse industries, such as retail, consumer goods, entertainment and manufacturing.

We maintain a comprehensive Information Security Management System (ISMS), which is aligned to ISO 27001 and is designed to maintain the confidentiality, integrity, and availability of information and systems in our environment.

Our corporate headquarters is located in Cleveland, Ohio, and, at June 30, [removed: 2025,] [added: 2026,] the Company maintained approximately [removed: 322] [added: 323] manufacturing plants.

The facilities are situated in 35 states within the United States and in [removed: 42] [added: 43] other countries.

As of July 31, [removed: 2025,] [added: 2026,] the number of shareholders of record of the Company was [removed: 2,898.][added: 2,847.]

| (1)On [removed: October 22, 2014, the Board of Directors approved a share repurchase program authorizing the repurchase of up to 35.0 million of the Company's common shares. On] August 21, 2025, the Board of Directors approved an update to the number of shares available under the Company's [removed: existing] [added: previous] share repurchase authorization so that the aggregate number of shares available for repurchase as of such date was 20.0 million. There is no limitation on the number of shares that can be repurchased in a year and there is no expiration date for the program. | | | | | | | | | | | | | | | | | | | | | | | | | | |

| April 1, 2026 through April 30, 2026 | | | | | | 27,000 | | | | | | $ | 957.74 | | | | | 27,000 | | | | | | 19,019,906 | | |

| May 1, 2026 through May 31, 2026 | | | | | | 123,672 | | | | | | $ | 874.67 | | | | | 123,672 | | | | | | 18,896,234 | | |

| June 1, 2026 through June 30, 2026 | | | | | | 46,383 | | | | | | $ | 883.28 | | | | | 46,383 | | | | | | 18,849,851 | | |

| Total | | | | | | 197,055 | | | | | | | | | | | | 197,055 | | | | | | | | |

| April 1, 2025 through April 30, 2025 | | | | | | 30,600 | | | | | | $ | 569.23 | | | | | 30,600 | | | | | | 6,074,002 | | |

| May 1, 2025 through May 31, 2025 | | | | | | 761,760 | | | | | | $ | 656.32 | | | | | 761,760 | | | | | | 5,312,242 | | |

| June 1, 2025 through June 30, 2025 | | | | | | 502,719 | | | | | | $ | 663.31 | | | | | 502,719 | | | | | | 4,809,523 | | |

| Total | | | | | | 1,295,079 | | | | | | | | | | | | 1,295,079 | | | | | | | | |

| [Report of Independent Registered Public Accounting Firm (PCAOB ID [removed: No.](#i495ebbf7ea7c4d72afd93f58cca82cd7_76)] [added: No.](#i50e44193020545fe87476e4fd0a6168f_73)] 34) | | | | | | [removed: [31](#i495ebbf7ea7c4d72afd93f58cca82cd7_76)] [added: [32](#i50e44193020545fe87476e4fd0a6168f_73)] | | |

[removed: | | | | [Consolidated Statement] [added: Consolidated Statements] of [removed: Income](#i495ebbf7ea7c4d72afd93f58cca82cd7_79) | | | [33](#i495ebbf7ea7c4d72afd93f58cca82cd7_79) | | |][added: Income]

[removed: | | | | [Consolidated Statement] [added: Consolidated Statements] of Comprehensive [removed: Income](#i495ebbf7ea7c4d72afd93f58cca82cd7_82) | | | [34](#i495ebbf7ea7c4d72afd93f58cca82cd7_82) | | |][added: Income]

[removed: | | | | [Consolidated] [added: Consolidated] Balance [removed: Sheet](#i495ebbf7ea7c4d72afd93f58cca82cd7_85) | | | [35](#i495ebbf7ea7c4d72afd93f58cca82cd7_85) | | |][added: Sheets]

[removed: | | | | [Consolidated Statement] [added: Consolidated Statements] of Cash [removed: Flows](#i495ebbf7ea7c4d72afd93f58cca82cd7_88) | | | [36](#i495ebbf7ea7c4d72afd93f58cca82cd7_88) | | |][added: Flows]

[removed: | | | | [Consolidated Statement] [added: Consolidated Statements] of [removed: Equity](#i495ebbf7ea7c4d72afd93f58cca82cd7_91) | | | [37](#i495ebbf7ea7c4d72afd93f58cca82cd7_91) | | |][added: Equity]

| | | | [Notes to Consolidated Financial [removed: Statements](#i495ebbf7ea7c4d72afd93f58cca82cd7_94)] [added: Statements](#i50e44193020545fe87476e4fd0a6168f_91)] | | | [removed: [38](#i495ebbf7ea7c4d72afd93f58cca82cd7_94)] [added: [39](#i50e44193020545fe87476e4fd0a6168f_91)] | | |

We have audited the accompanying consolidated balance sheets of Parker-Hannifin Corporation and subsidiaries (the “Company”) as of June 30, [removed: 2025] [added: 2026] and [removed: 2024,] [added: 2025,] the related consolidated statements of income, comprehensive income, cash flows, and equity, for each of the three years in the period ended June [removed: 30 2025,] [added: 30, 2026,] and the related notes (collectively referred to as the “financial statements”).

We also have audited the Company’s internal control over financial reporting as of June 30, [removed: 2025,] [added: 2026,] based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of June 30, [removed: 2025] [added: 2026] and [removed: 2024,] [added: 2025,] and the results of its operations and its cash flows for each of the three years in the period ended June 30, [removed: 2025,] [added: 2026,] in conformity with accounting principles generally accepted in the United States of America.

Also, in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of June 30, [removed: 2025,] [added: 2026,] based on criteria established in Internal Control — Integrated Framework (2013) issued by COSO.

A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable [removed: assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.]

The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a [added: whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.]

[removed: CONSOLIDATED STATEMENT OF INCOME][added: | | | | [Consolidated Statements of Income](#i50e44193020545fe87476e4fd0a6168f_76) | | | [34](#i50e44193020545fe87476e4fd0a6168f_76) | | |]

| [removed: | | | | | |] For the years ended June 30, | | | | | | [added: 2025] | | | | | | [added: 2024] | | |

[removed: | (In] [added: (In] millions, except per share [removed: data) | | | | | | 2025 | | | | | | 2024 | | | | | | 2023 | | |][added: data)]

| [removed: Net Sales] [added: Net sales] | | | | | | $ | [removed: 19,850] [added: 21,499] | | | | | $ | [removed: 19,930] [added: 19,850] | | | | | $ | [removed: 19,065] [added: 19,930] | |

| Cost of sales | | | | | | [removed: 12,535] [added: 13,397] | | | | | | [removed: 12,802] [added: 12,535] | | | | | | [removed: 12,636] [added: 12,802] | | |

| Selling, general and administrative expenses | | | | | | [removed: 3,255] [added: 3,468] | | | | | | [removed: 3,315] [added: 3,255] | | | | | | [removed: 3,354] [added: 3,315] | | |

| Interest expense | | | | | | [removed: 409] [added: 401] | | | | | | [removed: 506] [added: 409] | | | | | | [removed: 574] [added: 506] | | |

| Other [removed: (income) expense,] [added: expense (income),] net | | | | | | [removed: (183)] [added: —] | | | | | | [removed: (276)] [added: 2] | | | | | | [removed: 184] [added: 2] | | |

| Income before income taxes | | | | | | [removed: 4,107] [added: 4,563] | | | | | | [removed: 3,595] [added: 4,107] | | | | | | [removed: 2,680] [added: 3,595] | | |

| Income taxes | | | | | | [removed: 575] [added: 914] | | | | | | [removed: 750] [added: 575] | | | | | | [removed: 596] [added: 750] | | |

| [removed: Net Income] [added: Net income] | | | | | | [removed: 3,532] [added: 3,649] | | | | | | [removed: 2,845] [added: 3,532] | | | | | | [removed: 2,084] [added: 2,845] | | |

| [removed: Net Income Attributable] [added: Net income attributable] to [removed: Common Shareholders] [added: common shareholders] | | | | | | $ | [removed: 3,531] [added: 3,648] | | | | | $ | [removed: 2,844] [added: 3,531] | | | | | $ | [removed: 2,083] [added: 2,844] | |

| [removed: Earnings] [added: Earnings] per [removed: Share Attributable] [added: share attributable] to [removed: Common Shareholders:] [added: common shareholders:] | | | | | | | | | | | | | | | | | | | | |

| Basic | | | | | | $ | [removed: 27.52] [added: 28.89] | | | | | $ | [removed: 22.13] [added: 27.52] | | | | | $ | [removed: 16.23] [added: 22.13] | |

| Diluted | | | | | | $ | [removed: 27.12] [added: 28.48] | | | | | $ | [removed: 21.84] [added: 27.12] | | | | | $ | [removed: 16.04] [added: 21.84] | |

[removed: CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME][added: | | | | [Consolidated Statements of Comprehensive Income](#i50e44193020545fe87476e4fd0a6168f_79) | | | [35](#i50e44193020545fe87476e4fd0a6168f_79) | | |]

| [removed: (In millions)] | | | | | | [removed: 2025] [added: 2026] | | | | | | [removed: 2024] [added: 2025] | | | | | | [removed: 2023] [added: 2024] | | |

| [removed: Net Income] [added: Net income] | | | | | | $ | [removed: 3,532] [added: 3,649] | | | | | $ | [removed: 2,845] [added: 3,532] | | | | | $ | [removed: 2,084] [added: 2,845] | |

| Net income attributable to common shareholders | | | | | | [removed: 3,531] [added: 3,648] | | | | | | [removed: 2,844] [added: 3,531] | | | | | | [removed: 2,083] [added: 2,844] | | |

| Foreign currency translation adjustment and other | | | | | | [removed: 413] [added: (76)] | | | | | | [removed: (168)] [added: 413] | | | | | | [removed: 187] [added: (168)] | | |

| Retirement benefits plan activity | | | | | | [removed: 142] [added: 156] | | | | | | [removed: 23] [added: 142] | | | | | | [removed: 63] [added: 23] | | |

| Other comprehensive income (loss) attributable to common shareholders | | | | | | [removed: 555] [added: 80] | | | | | | [removed: (145)] [added: 555] | | | | | | [removed: 250] [added: (145)] | | |

| [removed: Total Comprehensive Income Attributable] [added: Total comprehensive income attributable] to [removed: Common Shareholders] [added: common shareholders] | | | | | | $ | [removed: 4,086] [added: 3,728] | | | | | $ | [removed: 2,699] [added: 4,086] | | | | | $ | [removed: 2,333] [added: 2,699] | |

[removed: CONSOLIDATED BALANCE SHEET][added: | | | | [Consolidated Balance Sheets](#i50e44193020545fe87476e4fd0a6168f_82) | | | [36](#i50e44193020545fe87476e4fd0a6168f_82) | | |]

[removed: | (In] [added: (In] millions, except par [removed: value) | | | | | | 2025 | | | | | | 2024 | | |][added: value)]

| [removed: Current Assets] [added: Current assets:] | | | | | | | | | | | | | | |

| Cash and cash equivalents | | | | | | $ | [removed: 467] [added: 501] | | | | | $ | [removed: 422] [added: 467] | |

| | | | [Consolidated Statements of Equity](#i50e44193020545fe87476e4fd0a6168f_9895604651575) | | | [38](#i50e44193020545fe87476e4fd0a6168f_9895604651575) | | |

As described in Management’s Report on Internal Control Over Financial Reporting, management excluded from its assessment the internal control over financial reporting at Curtis Instruments, Inc. (“Curtis”), which was acquired on September 18, 2025, and whose financial statements constitute approximately 4% of total assets and 1% of net sales of the consolidated financial statement amounts as of and for the year ended June 30, 2026.

Accordingly, our audit did not include the internal control over financial reporting at Curtis.

assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

August 21, 2026

| For the years ended June 30, | | | | | | 2026 | | | | | | 2025 | | | | | | 2024 | | |

| Other expense (income), net | | | | | | (330) | | | | | | (456) | | | | | | (288) | | |

(In millions)

| For the years ended June 30, | | | | | | 2026 | | | | | | 2025 | | | | | | 2024 | | |

| Trade accounts receivable, net of allowances of $7 and $10 | | | | | | 3,170 | | | | | | 2,910 | | |

| Property, plant and equipment, net of accumulated depreciation of $4,625 and $4,480 | | | | | | 3,020 | | | | | | 2,937 | | |

| Other long-term assets | | | | | | 1,535 | | | | | | 1,269 | | |

| Other current liabilities | | | | | | 1,245 | | | | | | 1,315 | | |

(In millions)

| For the years ended June 30, | | | | | | 2026 | | | | | | 2025 | | | | | | 2024 | | |

| Income taxes | | | | | | (139) | | | | | | (65) | | | | | | (140) | | |

| Other, net | | | | | | 1 | | | | | | 4 | | | | | | 1 | | |

(In millions, except per-share data)

| | | | | | | Parker-Hannifin Corporation Shareholders' Equity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Net income | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,648 | | | | | | — | | | | | | — | | | | | | 1 | | | | | | 3,649 | | | | | |

| Stock incentive plan activity1 | | | | | | 0.6 | | | | | | — | | | | | | 624 | | | | | | — | | | | | | — | | | | | | (689) | | | | | | — | | | | | | (65) | | | | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Other | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (1) | | | | | | (1) | | | | | |

| Shares purchased at cost, including excise tax | | | | | | (1.2) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (1,005) | | | | | | — | | | | | | (1,005) | | | | | |

| Balance June 30, 2026 | | | | | | 126.1 | | | | | | $ | 91 | | | | | $ | 818 | | | | | $ | 24,487 | | | | | $ | (803) | | | | | $ | (9,189) | | | | | $ | 9 | | | | | $ | 15,413 | | | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| (1) In 2026, the Company recorded a $578 million reclassification between Treasury Shares and Additional Paid-in Capital to correct the historical accounting for shares withheld for taxes related to equity compensation issuances. The Company concluded the out-of-period adjustment was not material to the current period or any prior periods. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

Note 1.

Nature of Operations

Use of Estimates

Basis of Consolidation

Revenue Recognition

Variable consideration primarily includes prompt pay discounts, rebates and

Refer to the Consolidated Balance Sheets for more information.

Non-Trade and Notes Receivable

Investments in Joint Ventures

Goodwill

Fair Value Measurements

whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.

August 22, 2025

| Gain on sale of businesses and assets, net | | | | | | (273) | | | | | | (12) | | | | | | (363) | | |

| | | | | | | June 30, | | | | | | | | |

| Accrued domestic and foreign taxes | | | | | | 382 | | | | | | 355 | | |

| Other accrued liabilities | | | | | | 933 | | | | | | 982 | | |

| Other assets | | | | | | (63) | | | | | | (117) | | | | | | (109) | | |

| Accrued payrolls and other compensation | | | | | | 2 | | | | | | (64) | | | | | | 87 | | |

| Accrued domestic and foreign taxes | | | | | | (18) | | | | | | 27 | | | | | | 102 | | |

| Other accrued liabilities | | | | | | (173) | | | | | | (73) | | | | | | 113 | | |

| Payments of deal-contingent forward contracts | | | | | | — | | | | | | — | | | | | | (1,405) | | |

| Proceeds from exercise of stock options | | | | | | 4 | | | | | | 4 | | | | | | 3 | | |

| Acquisition of noncontrolling interests | | | | | | — | | | | | | (3) | | | | | | — | | |

| Financing fees paid | | | | | | — | | | | | | — | | | | | | (13) | | |

CONSOLIDATED STATEMENT OF EQUITY

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Balance June 30, 2022 | | | | | | $ | 91 | | | | | $ | 327 | | | | | $ | 15,662 | | | | | $ | (1,543) | | | | | $ | (5,688) | | | | | $ | 11 | | | | | $ | 8,860 | | | | |

| Net income | | | | | | — | | | | | | — | | | | | | 2,083 | | | | | | — | | | | | | — | | | | | | 1 | | | | | | 2,084 | | | | | |

| Stock incentive plan activity | | | | | | — | | | | | | (70) | | | | | | — | | | | | | — | | | | | | 68 | | | | | | — | | | | | | (2) | | | | | |

1.

The Company has changed its presentation from thousands to millions and, as a result, any necessary rounding adjustments have been made to prior period disclosed amounts.

Allowance for credit losses was $10 million and $21 million at June 30, 2025 and 2024, respectively.

| Total | | | | | | $ | 7,417 | | | | | $ | 7,075 | |

Subsequent Events - We evaluated subsequent events that have occurred through the date of filing of this Annual Report on Form 10-K for the year ended June 30, 2025 and determined no further events or transactions are required to be disclosed other than those already disclosed elsewhere in the Notes to Consolidated Financial Statements.

Early adoption is permitted.

The amendment should be applied on a prospective basis.

Retrospective application is permitted.

The Company is currently evaluating the impact this guidance will have on the Company's disclosures.

In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures," which updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses.

The amendments should be applied retrospectively to all prior periods presented in the financial statements.

The Company adopted the standard in the fourth quarter of fiscal 2025.

In September 2022, the FASB issued ASU 2022-04, "Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations," which requires a buyer in a supplier finance program to disclose information about the program’s nature, activity during the period, changes from period to period, and potential magnitude.

To achieve that objective, the buyer should disclose qualitative and quantitative information about its supplier finance programs, including the outstanding amount under the program, the balance sheet presentation of the outstanding amount, and a rollforward of the obligations in the program.

This ASU should be adopted retrospectively for each balance sheet period presented; however, the rollforward

information should be provided prospectively.

The Company adopted the guidance on July 1, 2023, except for the rollforward requirement, which was adopted in the fourth quarter of fiscal 2025.

2.

| Europe | | | | | | 3,862 | | | | | | 3,916 | | | | | | 3,778 | | |

3.

The Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s principal executive officer and principal financial officer, of the effectiveness of the Company’s disclosure controls and procedures as of June 30, [removed: 2025.][added: 2026.]

Based on this evaluation, the Company’s principal executive officer and principal financial officer concluded that, as of June 30, [removed: 2025,] [added: 2026,] the Company’s disclosure controls and procedures were effective.

[removed: There was no change] [added: Other than with respect] to [added: the Curtis acquisition, there were no changes in] our internal control over financial reporting during the fourth quarter of [removed: 2025] [added: 2026] that materially affected, or [removed: is] [added: are] reasonably likely to materially affect, our internal control over financial reporting.

We assessed the effectiveness of our internal control over financial reporting as of June 30, [removed: 2025.][added: 2026.]

In making this assessment, we used the criteria established by the Committee of Sponsoring Organizations of the Treadway Commission in “Internal Control-Integrated Framework (2013).” We concluded that based on our assessment, the Company's internal control over financial reporting was effective as of June 30, [removed: 2025.][added: 2026.]

Deloitte & Touche LLP, the independent registered public accounting firm that audited the Company's consolidated financial statements, has issued an attestation report on the Company's internal control over financial reporting as of June 30, [removed: 2025,] [added: 2026,] which is included in Part II, Item 8 of this Annual Report on Form 10-K.

The Company acquired Curtis on September 18, 2025.

As a result of the acquisition, management is in the process of integrating, evaluating and, where necessary, implementing changes in controls and procedures.

We have excluded Curtis from our evaluation of internal control over financial reporting as of June 30, 2026 because it was acquired in a business combination during the year.

Total assets and total revenue that were excluded from management's assessment represented approximately 4% and 1%, respectively, of consolidated total assets and net sales, as of and for the year ended June 30, 2026.

None of the Company's directors or officers adopted, modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company's fiscal quarter ended June 30, [removed: 2025.][added: 2026.]

Information required with respect to the Directors of the Company is set forth under the caption "Item I – Election of Directors" in the definitive Proxy Statement for the Company’s [removed: 2025] [added: 2026] Annual Meeting of Shareholders, to be held October [removed: 22, 2025] [added: 28, 2026] (the [removed: "2025] [added: "2026] Proxy Statement"), and is incorporated herein by reference.

The information set forth under the caption "Insider Trading and Prohibited Transactions in Company Securities" in the [removed: 2025] [added: 2026] Proxy Statement is incorporated herein by reference.

The information set forth under the captions "Board Committees; Committee Charters - Audit Committee" and "Board and Committee Structure - Board Committees; Committee Charters" in the [removed: 2025] [added: 2026] Proxy Statement is incorporated herein by reference.

The information set forth under the captions "Compensation Discussion and Analysis," "Compensation Committee Report," "Pay Versus Performance Disclosure" and "Compensation Tables" in the [removed: 2025] [added: 2026] Proxy Statement is incorporated herein by reference.

The information set forth under the caption "Principal Shareholders" in the [removed: 2025] [added: 2026] Proxy Statement is incorporated herein by reference.

[added: Equity Compensation Plan Information -] The following table sets forth certain information regarding the Company's equity compensation plans as of June 30, [removed: 2025,] [added: 2026,] unless otherwise indicated.

| [removed: (1)Includes] [added: (1) Includes] the maximum future payouts of common stock that may be issued under the calendar year [removed: 2023-24-25, 2024-25-26 and] [added: 2024-25-26,] 2025-26-27 [added: and 2026-27-28] long term incentive performance awards ("LTIP awards"). For these LTIP awards, payouts will be determined based on achieving an average return on average equity of four percent or an average free cash flow margin of four percent. If these performance measures are achieved, the participants will be eligible to receive the maximum payout of [removed: 200 percent.] [added: 200%.] The Human Resources and Compensation Committee will then compare our performance to that of a group of our peers and, if appropriate, apply its discretion to reduce the final payouts based on any performance measures that the Committee determines to be appropriate. | | | | | | | | | | | |

| [removed: (2)The] [added: (2) The] maximum number of shares of our common stock that may be issued under the 2023 Omnibus Stock Incentive Plan is 11.3 million shares, of which approximately [removed: 7.2] [added: 6.7] million shares are available for future issuance. The maximum number of shares that may be issued under the Global Employee Stock Purchase Plan is 10.0 million shares, of which approximately 9.9 million shares are still available for future issuance. | | | | | | | | | | | |

| Equity compensation plans approved by security holders | | | 3,124,913(1) | | | $364.09 | | | 16,635,288(2) | | |

| Total | | | 3,124,913 | | | $364.09 | | | 16,635,288 | | |

Equity Compensation Plan Information.

| Equity compensation plans approved by security holders | | | 3,783,595(1) | | | $288.60 | | | 17,153,703(2) | | |

| Total | | | 3,783,595 | | | $288.60 | | | 17,153,703 | | |

The information set forth under the captions "Other Governance Matters - Review and Approval of Transactions with Related Persons" and "Item 1 - Election of Directors - Director Independence" in the [removed: 2025] [added: 2026] Proxy Statement is incorporated herein by reference.

The information set forth under the captions "Audit Fees and All Other Fees" and "Audit Committee Pre-Approval Policies and Procedures" in the [removed: 2025] [added: 2026] Proxy Statement is incorporated herein by reference.

| | | | Consolidated [removed: Statement] [added: Statements] of Comprehensive Income | | | [removed: [34](#i495ebbf7ea7c4d72afd93f58cca82cd7_82)] [added: [35](#i50e44193020545fe87476e4fd0a6168f_79)] | | | | | |

| | | | Consolidated [removed: Statement] [added: Statements] of Cash Flows | | | [removed: [36](#i495ebbf7ea7c4d72afd93f58cca82cd7_88)] [added: [37](#i50e44193020545fe87476e4fd0a6168f_85)] | | | | | |

| | | | Notes to Consolidated Financial Statements | | | [removed: [38](#i495ebbf7ea7c4d72afd93f58cca82cd7_94)] [added: [39](#i50e44193020545fe87476e4fd0a6168f_91)] | | | | | |

| (10)(c) | | | | | | [Form of Parker-Hannifin Corporation Change in Control Severance Agreement for Executive Officers dated after September 1, 2015 below Grade 29, incorporated by reference to Exhibit 10(d) to Registrant's Report on Form 10-K for the fiscal year ended June 30, [removed: 2016](https://www.sec.gov/Archives/edgar/data/76334/000007633416000196/ph6302016ex10d.htm)(Commission] [added: 2016](https://www.sec.gov/Archives/edgar/data/76334/000007633416000196/ph6302016ex10d.htm) (Commission] File No. 1-4982). | | |

| (10)(h) | | | | | | [Parker-Hannifin Corporation Amended and Restated Defined Contribution Supplemental Executive Retirement Program, effective January 22, 2015, incorporated by reference to Exhibit 10(c) to Registrant’s Report on Form 10-Q for the quarterly period ended December 31, [removed: 2015](https://www.sec.gov/Archives/edgar/data/76334/000007633416000116/ph12312015ex10c.htm)(Commission] [added: 2015](https://www.sec.gov/Archives/edgar/data/76334/000007633416000116/ph12312015ex10c.htm) (Commission] File No. 1-4982). | | |

| (10)(l) | | | | | | [Parker-Hannifin Corporation 2016 Omnibus Stock Incentive Plan, incorporated by reference to Annex B [removed: to Registrant's] [added: to](https://www.sec.gov/Archives/edgar/data/76334/000119312516719682/d233270ddef14a.htm#toc233270_66) [](https://www.sec.gov/Archives/edgar/data/76334/000119312516719682/d233270ddef14a.htm#toc233270_66)[Registrant's] Definitive Proxy Statement on Schedule 14A, filed with the SEC on September 26, 2016](https://www.sec.gov/Archives/edgar/data/76334/000119312516719682/d233270ddef14a.htm#toc233270_66) (Commission File No. 1-4982). | | |

| (10)(m) | | | | | | [Parker-Hannifin Corporation First Amendment to 2016 Omnibus Stock Incentive Plan, effective April 1, 2017, incorporated by reference to Exhibit 10(a) to Registrant's Report on Form 10-Q for the quarterly period ended March 31, 2017](https://www.sec.gov/Archives/edgar/data/76334/000007633417000053/ph3312017ex10a.htm) [removed: (Commission] [added: [](https://www.sec.gov/Archives/edgar/data/76334/000007633417000053/ph3312017ex10a.htm)(Commission] File No. 1-4982). | | |

| (10)(o) | | | | | | [Parker-Hannifin Corporation 2015 Performance Bonus Plan, incorporated by reference to Appendix B [removed: to Registrant’s] [added: to](https://www.sec.gov/Archives/edgar/data/76334/000119312515329828/d18974ddef14a.htm#toc18974_69) [](https://www.sec.gov/Archives/edgar/data/76334/000119312515329828/d18974ddef14a.htm#toc18974_69)[Registrant’s] Definitive Proxy Statement filed with the Commission on September 28, 2015](https://www.sec.gov/Archives/edgar/data/76334/000119312515329828/d18974ddef14a.htm#toc18974_69) (Commission File No. 1-4982). | | |

| (10)(u) | | | | | | [Form of 2018 Parker-Hannifin Corporation Stock Appreciation Rights Award Agreement, incorporated by reference to Exhibit 10(d) to Registrant's Report on Form 10-Q for the quarterly period ended December 31, 2018](https://www.sec.gov/Archives/edgar/data/76334/000007633419000018/ph-12312018exhibit10d.htm) [removed: (Commission] [added: [](https://www.sec.gov/Archives/edgar/data/76334/000007633419000018/ph-12312018exhibit10d.htm)(Commission] File No. 1-4982). | | |

| [removed: (10)(y)] [added: (10)(aa)] | | | | | | [Parker-Hannifin Corporation Target Incentive Plan, incorporated by reference to Exhibit 10(d) [removed: to Registrant’s] [added: to](https://www.sec.gov/Archives/edgar/data/76334/000119312510251281/dex10d.htm) [](https://www.sec.gov/Archives/edgar/data/76334/000119312510251281/dex10d.htm)[Registrant’s] Report on Form 10-Q for the quarterly period ended September 30, 2010](https://www.sec.gov/Archives/edgar/data/76334/000119312510251281/dex10d.htm) [removed: (Commission] [added: [](https://www.sec.gov/Archives/edgar/data/76334/000119312510251281/dex10d.htm)(Commission] File No. 1-4982). | | |

| [removed: (10)(z)] [added: (10)(bb)] | | | | | | [Parker-Hannifin Corporation Target Incentive Plan Subject to Performance Bonus Plan, incorporated by reference to Exhibit 10(e) to Registrant’s Report on Form 10-Q for the quarterly period ended September 30, 2010](https://www.sec.gov/Archives/edgar/data/76334/000119312510251281/dex10e.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(aa)] [added: (10)(cc)] | | | | | | [Parker-Hannifin Corporation Long-Term Incentive Performance Plan Under the Performance Bonus Plan, as amended and restated, effective January 20, 2016, incorporated by reference to Exhibit 10(aa) to Registrant's Annual Report on Form 10-K for the fiscal year ended June 30, 2016](https://www.sec.gov/Archives/edgar/data/76334/000007633416000196/ph6302016ex10aa.htm) (Commission file No. 1-4982). | | |

| [removed: (10)(bb)] [added: (10)(dd)] | | | | | | [Form of Notice of Award under the Parker-Hannifin Corporation Long-Term Incentive Performance Plan Under the Performance Bonus Plan (as Amended and Restated), incorporated by reference to Exhibit 10(bb) to the Registrant's Annual Report on Form 10-K for the fiscal year ended June 30, 2016](https://www.sec.gov/Archives/edgar/data/76334/000007633416000196/ph6302016ex10bb.htm) (Commission file No. 1-4982). | | |

| [removed: (10)(cc)] [added: (10)(ee)] | | | | | | [Form of Notice of Award under the Parker-Hannifin Corporation Long-Term Incentive [removed: Plan Under] [added: Plan](https://www.sec.gov/Archives/edgar/data/76334/000007633419000018/ph10q12312018ex10f.htm) [](https://www.sec.gov/Archives/edgar/data/76334/000007633419000018/ph10q12312018ex10f.htm)[Under] the Performance Bonus Plan (as Amended and Restated), effective as of January 23, 2019, incorporated by reference to Exhibit 10(f) to the Registrant's Annual Report on Form 10-Q for the quarterly period ended December 31, 2018](https://www.sec.gov/Archives/edgar/data/76334/000007633419000018/ph10q12312018ex10f.htm) (Commission file No. 1-4982). | | |

| [removed: (10)(dd)] [added: (10)(ff)] | | | | | | [Parker-Hannifin Corporation Long-Term Incentive Performance Plan Under the Performance Bonus Plan (as Amended and Restated), effective as of January 23, 2019, incorporated by reference to Exhibit 10(g) to the Registrant's Report on Form 10-Q for the quarterly period ended December 31, 2018](https://www.sec.gov/Archives/edgar/data/76334/000007633419000018/phc10q2q12312018ex10g3.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(ee)] [added: (10)(gg)] | | | | | | [Form of Award Under the Parker-Hannifin Corporation Long-Term Incentive Plan Under the Performance Bonus Plan (as Amended and Restated) effective as of January 27, 2021, incorporated by reference to Exhibit 10(a) to the Registrant's Report on Form 10-Q for the quarterly period ended March 31, 2021](https://www.sec.gov/Archives/edgar/data/76334/000007633421000111/phcex10a3q2021.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(ff)] [added: (10)(hh)] | | | | | | [Parker-Hannifin Corporation Long-Term Incentive Performance Plan Under the Performance Bonus Plan, as Amended and Restated, effective as of January 27, 2022, incorporated by reference to Exhibit 10(a) to the Registrant's Report on Form 10-Q for the quarterly period ended March 31, 2022](https://www.sec.gov/Archives/edgar/data/76334/000007633421000225/exhibit-10a.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(gg)] [added: (10)(ii)] | | | | | | [Form of Notice of Award under the Parker-Hannifin Corporation Long-Term Incentive Plan Under the Performance Bonus Plan, as Amended and Restated, effective as of January 27, 2022, incorporated by reference to Exhibit 10(a) to the Registrant's Report on Form 10-Q for the quarterly period ended March [removed: 31,](https://www.sec.gov/Archives/edgar/data/76334/000007633422000018/ex10a2022ltipplanamended.htm) [2022](https://www.sec.gov/Archives/edgar/data/76334/000007633422000018/ex10a2022ltipplanamended.htm)] [added: 31, 2022](https://www.sec.gov/Archives/edgar/data/76334/000007633422000018/ex10a2022ltipplanamended.htm)] (Commission File No. 1-4982). | | |

| [removed: (10)(hh)] [added: (10)(jj)] | | | | | | [Form of Notice of Award under the Parker-Hannifin Corporation Long-Term Incentive Performance Plan, as Amended and Restated, effective as of January 22, [removed: 2025](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibit10hhphcltipofficera.htm).] [added: 2025, incorporated by reference to Exhibit 10(hh) to Registrant's Report on Form 10-K for the fiscal year ended June 30, 2025](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibit10hhphcltipofficera.htm) (Commission File No. 1-4982).] | | |

| [removed: (10)(ii)] [added: (10)(kk)] | | | | | | [Parker-Hannifin Corporation 2022 Performance Bonus Plan, effective as of July 1, 2021, incorporated by reference to Exhibit 10(a) to the Registrant's Report on Form 10-Q for the quarterly period ended September 30, 2021](https://www.sec.gov/Archives/edgar/data/76334/000007633421000225/exhibit-10a.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(jj)] [added: (10)(ll)] | | | | | | [Form of Parker-Hannifin Corporation Restricted Stock Unit Award Agreement, incorporated by reference to Exhibit 10(a) to Registrant's Report on Form 10-Q for the quarterly period ended December 31, 2018](https://www.sec.gov/Archives/edgar/data/76334/000007633419000018/phc-10qx12312018exhibit10a.htm) (Commission file No. 1-4982). | | |

| [removed: (10)(kk)] [added: (10)(mm)] | | | | | | [Form of Parker-Hannifin Corporation Restricted Stock Unit Award Agreement, incorporated by reference to Exhibit 10(b) to Registrant's Report on Form 10-Q for the quarterly period ended December 31, 2018](https://www.sec.gov/Archives/edgar/data/76334/000007633419000018/ph10q12312018ex10b.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(ll)] [added: (10)(nn)] | | | | | | [Form of Parker-Hannifin Corporation Restricted Stock Unit Terms and Conditions for Awards Granted, incorporated by reference to Exhibit 10(c) to Registrant's Report on Form 10-Q for the quarterly period ended December 31, 2018](https://www.sec.gov/Archives/edgar/data/76334/000007633419000018/ph10q12312018ex10c.htm) [removed: (Commission] [added: [](https://www.sec.gov/Archives/edgar/data/76334/000007633419000018/ph10q12312018ex10c.htm)(Commission] File No. 1-4982). | | |

| [removed: (10)(mm)] [added: (10)(oo)] | | | | | | [Form of 2018 Parker-Hannifin Corporation Restricted Stock Unit Award Agreement to Certain Executive Officers, incorporated by reference to Exhibit 10(b) to Registrant's Report on Form 10-Q for the quarterly period ended September 30, 2018](https://www.sec.gov/Archives/edgar/data/76334/000007633418000119/ph9302018ex10b.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(nn)] [added: (10)(pp)] | | | | | | [Parker-Hannifin Corporation 2018 Restricted Stock Unit Terms and Conditions for Certain Executive Officers, incorporated by reference to Exhibit 10(c) to Registrant's Report on Form 10-Q for the quarterly period ended September 30, 2018](https://www.sec.gov/Archives/edgar/data/76334/000007633418000119/ph9302018ex10c.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(oo)] [added: (10)(qq)] | | | | | | [Form of 2023 Parker-Hannifin Corporation Restricted Stock Unit Award Agreement and Terms and Conditions for Certain Executive Officers (Amended and Restated 2016 [removed: Plan)](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibit10oophcrsubodawarda.htm).] [added: Plan), incorporated by reference to Exhibit 10(oo) to Registrant's Report on Form 10-K for the fiscal year ended June 30, 2025](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibit10oophcrsubodawarda.htm) (Commission File No. 1-4982).] | | |

| [removed: (10)(pp)] [added: (10)(rr)] | | | | | | [Form of 2023 Parker-Hannifin Corporation Restricted Stock Unit Award Agreement and Terms and Conditions for Certain Executive Officers (2023 [removed: Plan)](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibit10ppphcrsubodawarda.htm).] [added: Plan), incorporated by reference to Exhibit 10(pp) to Registrant's Report on Form 10-K for the fiscal year ended June 30, 2025](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibit10ppphcrsubodawarda.htm) (Commission File No. 1-4982).] | | |

| [removed: (10)(qq)] [added: (10)(ss)] | | | | | | [Form of Parker-Hannifin Corporation 2024 Non-Employee Directors' Restricted Stock Unit Award [removed: Agreement](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibitqrsudirectorawardag.htm).] [added: Agreement, incorporated by reference to Exhibit 10(qq) to Registrant's Report on Form 10-K for the fiscal year ended June 30, 2025](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibitqrsudirectorawardag.htm) (Commission File No. 1-4982).] | | |

| [removed: (10)(rr)] [added: (10)(tt)] | | | | | | [Form of Parker-Hannifin Corporation 2024 Non-Employee Directors' Restricted Stock Unit Terms and [removed: Conditions](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibit10rrphcrsudirectort.htm)[.](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibit10rrphcrsudirectort.htm)] [added: Conditions, incorporated by reference to Exhibit 10(rr) to Registrant's Report on Form 10-K for the fiscal year ended June 30, 2025](https://www.sec.gov/Archives/edgar/data/76334/000007633425000035/exhibit10rrphcrsudirectort.htm) (Commission File No. 1-4982).] | | |

| [removed: (10)(ss)] [added: (10)(uu)] | | | | | | [Parker-Hannifin Corporation Profitable Growth Incentive Plan, incorporated by reference to Exhibit 10(c) to Registrant's Report on Form 10-Q for the quarterly period ended September 30, 2014](https://www.sec.gov/Archives/edgar/data/76334/000007633414000136/ph9302014ex10c.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(tt)] [added: (10)(vv)] | | | | | | [Form of Notice of RONA Bonus Award Under the Parker-Hannifin Corporation Performance Bonus Plan, incorporated by reference to Exhibit 10(h) to Registrant’s Report on Form 10-Q for the quarterly period ended September 30, [removed: 2009](https://www.sec.gov/Archives/edgar/data/76334/000119312509221583/dex10h.htm)] [added: 2009](https://www.sec.gov/Archives/edgar/data/76334/000119312510251281/dex10f.htm)] (Commission File No. 1-4982). | | |

| [removed: (10)(uu)] [added: (10)(ww)] | | | | | | [Parker-Hannifin Corporation RONA Plan Subject to Performance Bonus Plan, incorporated by reference to Exhibit 10(f) to Registrant’s Report on Form 10-Q for the quarterly period ended September 30, 2010](https://www.sec.gov/Archives/edgar/data/76334/000119312510251281/dex10f.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(vv)] [added: (10)(xx)] | | | | | | [Parker-Hannifin Corporation Summary of RONA Bonus Awards in Lieu of Certain Executive Perquisites, incorporated by reference to Exhibit 10(h) to Registrant’s Report on Form 10-Q for the quarterly period ended September 30, 2008](https://www.sec.gov/Archives/edgar/data/76334/000119312508227100/dex10h.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(ww)] [added: (10)(yy)] | | | | | | [Parker-Hannifin Corporation Savings Restoration Plan, restated as of September 1, 2004, incorporated by reference to Exhibit 10(t) to Registrant’s Report on Form 10-K for the fiscal year ended June 30, 2004](https://www.sec.gov/Archives/edgar/data/76334/000119312504151808/dex10t.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(xx)] [added: (10)(zz)] | | | | | | [Parker-Hannifin Corporation Amended and Restated Savings Restoration Plan, effective January 1, 2016, incorporated by reference to Exhibit 10(b) to Registrant’s Report on Form 10-Q for the quarterly period ended December 31, 2016](https://www.sec.gov/Archives/edgar/data/76334/000007633417000012/ph12312016ex10b.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(yy)] [added: (10)(aaa)] | | | | | | [Parker-Hannifin Corporation Amended and Restated Pension Restoration Plan, effective July 1, 2016, incorporated by reference to Exhibit 10(mm) to Registrant's Report on Form 10-K for the fiscal year ended June 30, [removed: 2016 (](https://www.sec.gov/Archives/edgar/data/76334/000007633416000196/ph6302016ex10mm.htm)Commission] [added: 2016](https://www.sec.gov/Archives/edgar/data/76334/000007633416000196/ph6302016ex10mm.htm) (Commission] File No. 1-4982). | | |

| [removed: (10)(zz)] [added: (10)(bbb)] | | | | | | [Parker-Hannifin Corporation Executive Deferral Plan, restated as of September 1, 2004, incorporated by reference to Exhibit 10(v) to Registrant’s Report on Form 10-K for the fiscal year ended June 30, 2004](https://www.sec.gov/Archives/edgar/data/76334/000119312504151808/dex10v.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(aaa)] [added: (10)(ccc)] | | | | | | [Parker-Hannifin Corporation Amended and Restated Executive Deferral Plan, effective September 2, 2015, incorporated by reference to Exhibit 10(pp) to Registrant's Report on Form 10-K for the fiscal year ended June 30, 2016](https://www.sec.gov/Archives/edgar/data/76334/000007633416000196/ph6302016ex10pp.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(bbb)] [added: (10)(ddd)] | | | | | | [Amendment Two to the Parker-Hannifin Corporation Amended and Restated Executive Deferral Plan (effective September 2, 2015), dated and effective October 14, 2019, incorporated by reference to Exhibit 10.1 to Registrant's Report on Form 10-Q filed with the SEC on February 5, 2020](https://www.sec.gov/Archives/edgar/data/76334/000007633420000009/ph123119ex101.htm) (Commission File No. 1-4982). | | |

| [removed: (10)(ccc)] [added: (10)(eee)] | | | | | | [Parker-Hannifin Corporation Global Employee Stock Purchase Plan, incorporated by reference to Appendix A to Registrant's Definitive Proxy Statement filed with the SEC on September 22, 2014](https://www.sec.gov/Archives/edgar/data/76334/000119312514347866/d765538ddef14a.htm#toc765538_66) (Commission File No. 1-4982). | | |

| | | | Consolidated Statements of Income | | | [34](#i50e44193020545fe87476e4fd0a6168f_76) | | | | | |

| | | | Consolidated Balance Sheets | | | [36](#i50e44193020545fe87476e4fd0a6168f_82) | | | | | |

| | | | Consolidated Statements of Equity | | | [38](#i50e44193020545fe87476e4fd0a6168f_9895604651575) | | | | | |

| (2)(b) | | | | | | [Agreement and Plan of Merger, dated November 10, 2025, by and between Parker-Hannifin Corporation, Prosper Merger Sub Corp., Filtration Group Corporation and Filtration Group Equity LLC, incorporated by reference to Exhibit 2.1 to Registrant’s Report on Form 8-K filed with the SEC on November 12, 2025](https://www.sec.gov/Archives/edgar/data/76334/000119312525275641/d205331dex21.htm) (Commission File No. 1-4982). | | |

| (10)(z) | | | | | | [2025 Parker-Hannifin Corporation Stock Appreciation Rights Terms and Conditions, incorporated by reference to Exhibit 10(c) to Registrant's Report on Form 10-Q for the quarterly period ended September 30, 2025](https://www.sec.gov/Archives/edgar/data/76334/000007633425000071/ex10c2025phcstockappreciat.htm) (Commission File No. 1-4982). | | |

| (10)(ooo) | | | | | | [Parker-Hannifin Corporation Amended and Restated Officer Annual Cash Incentive Plan, effective July 1, 2025, incorporated by reference to Exhibit 10(a) to Registrant’s Report on Form 10-Q for the quarterly period ended September 30, 2025](https://www.sec.gov/Archives/edgar/data/76334/000007633425000071/ex10aofficeracipplan20252.htm) (Commission File No. 1-4982). | | |

| (10)(ttt) | | | | | | [For](https://www.sec.gov/Archives/edgar/data/76334/000007633426000008/ph123125ex10a.htm)[m](https://www.sec.gov/Archives/edgar/data/76334/000007633426000008/ph123125ex10a.htm) [of Notice of Award under the Parker-Hannifin Corporation Long-Term Incentive Performance Plan, as Amended and Restated, effective as of January 21, 2026, incorporated by reference to Exhibit 10(a) to Registrant's Report on Form 10-Q for the quarterly period ended December 31, 2025](https://www.sec.gov/Archives/edgar/data/76334/000007633426000008/ph123125ex10a.htm) (Commission File No. 1-4982). | | |

| (10)(vvv) | | | | | | [364-Day Term Loan Agreement, dated December 10, 2025, by and among Parker-Hannifin Corporation, Barclays Bank PLC, as administrative agent, and the lenders party thereto, incorporated by reference to Exhibit 10.1 to Registrant’s Report on Form 8-K filed with the SEC on December 10, 2025](https://www.sec.gov/Archives/edgar/data/76334/000119312525314164/d25389dex101.htm) (Commission File No. 1-4982). | | |

| (10)(www) | | | | | | [Three-Year Term Loan Agreement, dated December 10, 2025, by and among Parker-Hannifin Corporation, KeyBank National Association, as administrative agent, and the lenders party thereto, incorporated by reference to Exhibit 10.2 to Registrant’s Report on Form 8-K filed with the SEC on December 10, 2025](https://www.sec.gov/Archives/edgar/data/76334/000119312525314164/d25389dex102.htm) (Commission File No. 1-4982). | | |

| (19) | | | | | | [Insider Trading Policy.](https://www.sec.gov/Archives/edgar/data/76334/000007633426000105/ph6302026ex1910-k.htm)* | | |

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| | | | Consolidated Statement of Income | | | [33](#i495ebbf7ea7c4d72afd93f58cca82cd7_79) | | | | | |

| | | | Consolidated Balance Sheet | | | [35](#i495ebbf7ea7c4d72afd93f58cca82cd7_85) | | | | | |

| | | | Consolidated Statement of Equity | | | [37](#i495ebbf7ea7c4d72afd93f58cca82cd7_91) | | | | | |

IVES, Principal Accounting [removed: Officer, Director;] [added: Officer;] DENISE RUSSELL FLEMING, Director; LANCE M.

JEAN SAVAGE, Director; [removed: JOSEPH SCAMINACE, Director;] LAURA K.

VERRIER, Director; [removed: and] JAMES L.

Date: August [removed: 22, 2025][added: 21, 2026]

Not applicable.

August 21, 2026

WAINSCOTT, Director; and BETH A.

WOZNIAK, Director.

August 22, 2025

WAINSCOTT, Director.