Warren E. Hoffner III - 09 Aug 2022 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
VP, General Mgr-Fluid Power
Signature
Patricia A. Comai POA for Warren E. Hoffner, III
Issuer symbol
AIT
Transactions as of
09 Aug 2022
Net transactions value
-$153,594
Form type
4
Filing time
11 Aug 2022, 12:46:43 UTC
Previous filing
11 Aug 2021
Next filing
16 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIT Common Stock Award $0 +1,100 +2.3% $0.000000 47,918 09 Aug 2022 Direct F1
transaction AIT Common Stock Award $0 +5,583 +12% $0.000000 53,501 09 Aug 2022 Direct F2
transaction AIT Common Stock Tax liability $153,594 -1,478 -2.8% $103.92 52,023 09 Aug 2022 Direct F3
holding AIT Common Stock 441 09 Aug 2022 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 +3,100 $0.000000 3,100 09 Aug 2022 Common Stock 3,100 $103.92 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 2022 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.