Neil A. Schrimsher - 14 May 2021 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Signature
Patricia A. Comai POA for Neil A. Schrimsher
Issuer symbol
AIT
Transactions as of
14 May 2021
Net transactions value
-$980,296
Form type
4
Filing time
17 May 2021, 16:54:37 UTC
Next filing
11 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIT Common Stock Options Exercise $1,839,000 +37,500 +18% $49.04 250,128 14 May 2021 Direct
transaction AIT Common Stock Tax liability $2,819,296 -26,830 -11% $105.08 223,298 14 May 2021 Direct
holding AIT Common Stock 419 14 May 2021 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 Options Exercise $0 -37,500 -100% $0.000000* 0 14 May 2021 Common Stock 37,500 $49.04 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.