COVID Stimulus Watch Individual Entry

Recipient Company:

PARKER-HANNIFIN CORP

Loan or Loan Guarantee Amount:

$4,266,060

Recipient Details

Ownership Structure: publicly traded (ticker symbol PH)

Award Date: Jul 10, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: Parker-Hannifin

Headquartered in: Ohio

Parent Sector: industrial equipment

Parent Industry: industrial equipment

Employees (prior to pandemic): 55,610

Employment-related Penalties: $3,536,871

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $1,997,289

Consumer Protection / Financial / Competition-related Penalties: $2,290,000

Ratio of CEO Pay to that of Median Worker: 305 to 1

CEO Compensation: $17,472,500

Worker Median Pay: $57,282

Total Federal, State, and Local Subsidies: $27,639,646

Federal Corporate Income Tax Rate: 13.3%