Neil A. Schrimsher - 09 Aug 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
Issuer symbol
AIT
Transactions as of
09 Aug 2021
Net transactions value
-$555,162
Form type
4
Filing time
11 Aug 2021, 17:13:41 UTC
Previous filing
17 May 2021
Next filing
14 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIT Common Stock Tax liability $357,072 -4,152 -1.9% $86.00 219,146 09 Aug 2021 Direct F1
transaction AIT Common Stock Award $0 +7,800 +3.6% $0.000000 226,946 10 Aug 2021 Direct F2
transaction AIT Common Stock Award $0 +29,483 +13% $0.000000 256,429 10 Aug 2021 Direct F3
transaction AIT Common Stock Tax liability $198,090 -2,231 -0.87% $88.79 254,198 10 Aug 2021 Direct F4
holding AIT Common Stock 420 09 Aug 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 +22,900 $0.000000 22,900 10 Aug 2021 Common Stock 22,900 $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.