David K. Wells - Aug 13, 2024 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
Vice President-CFO & Treasurer
Signature
/s/ Patricia A. Comai POA for David K. Wells
Stock symbol
AIT
Transactions as of
Aug 13, 2024
Transactions value $
-$593,869
Form type
4
Date filed
8/15/2024, 04:13 PM
Previous filing
Aug 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIT Common Stock Award $0 +1.03K +3.57% $0.00 29.9K Aug 13, 2024 Direct F1
transaction AIT Common Stock Award $0 +4.83K +16.12% $0.00 34.8K Aug 13, 2024 Direct F2
transaction AIT Common Stock Tax liability -$594K -3.01K -8.65% $197.43 31.8K Aug 13, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AIT Stock Appreciation Rights Award $0 +3.38K $0.00 3.38K Aug 13, 2024 Common Stock 3.38K $197.43 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units that vest three years from the date of grant and are settled in shares of Applied common stock.
F2 Performance shares "banked" as a result of 2024 performance. Performance shares vest at end of three-year program and are settled in shares of Applied common stock.
F3 Shares withheld by Registrant to satisfy tax withholding obligations on vesting of performance shares.
F4 Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.