Neil A. Schrimsher - Aug 13, 2024 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
President and CEO, Director
Signature
/s/Patricia A. Comai POA for Neil A. Schrimsher
Stock symbol
AIT
Transactions as of
Aug 13, 2024
Transactions value $
-$3,492,932
Form type
4
Date filed
8/15/2024, 04:30 PM
Previous filing
Aug 13, 2024
Next filing
Aug 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIT Common Stock Award $0 +4.65K +2.38% $0.00 200K Aug 13, 2024 Direct F1
transaction AIT Common Stock Award $0 +27.5K +13.76% $0.00 227K Aug 13, 2024 Direct F2
transaction AIT Common Stock Tax liability -$3.49M -17.7K -7.79% $197.43 209K Aug 13, 2024 Direct F3
holding AIT Common Stock 434 Aug 13, 2024 Retirement Savings Plan

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 +15.2K $0.00 15.2K Aug 13, 2024 Common Stock 15.2K $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.