Neil A. Schrimsher - Aug 9, 2021 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
President and CEO, Director
Signature
Patricia A. Comai POA for Neil A. Schrimsher
Stock symbol
AIT
Transactions as of
Aug 9, 2021
Transactions value $
-$555,162
Form type
4
Date filed
8/11/2021, 05:13 PM
Previous filing
May 17, 2021
Next filing
Sep 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIT Common Stock Tax liability -$357K -4.15K -1.86% $86.00 219K Aug 9, 2021 Direct F1
transaction AIT Common Stock Award $0 +7.8K +3.56% $0.00 227K Aug 10, 2021 Direct F2
transaction AIT Common Stock Award $0 +29.5K +12.99% $0.00 256K Aug 10, 2021 Direct F3
transaction AIT Common Stock Tax liability -$198K -2.23K -0.87% $88.79 254K Aug 10, 2021 Direct F4
holding AIT Common Stock 420 Aug 9, 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 Award $0 +22.9K $0.00 22.9K Aug 10, 2021 Common Stock 22.9K $88.79 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Registrant to satisfy tax withholding obligations on vesting of restricted stock units.
F2 Restricted stock units that vest three years from the date of grant and are settled in shares of Applied common stock.
F3 Performance shares "banked" as a result of 2021 performance. Performance shares vest at end of three-year program and are settled in shares of Applied common stock.
F4 Shares withheld by Registrant to satisfy tax withholding obligations on vesting of performance shares.
F5 Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.