Neil A. Schrimsher - Aug 9, 2022 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, 2022
Transactions value $
-$1,330,696
Form type
4
Date filed
8/11/2022, 12:53 PM
Previous filing
May 19, 2022
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIT Common Stock Award $0 +7.6K +2.77% $0.00 282K Aug 9, 2022 Direct F1
transaction AIT Common Stock Award $0 +46.9K +16.64% $0.00 329K Aug 9, 2022 Direct F2
transaction AIT Common Stock Tax liability -$1.33M -12.8K -3.9% $103.92 316K Aug 9, 2022 Direct F3
holding AIT Common Stock 425 Aug 9, 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 +21.1K $0.00 21.1K Aug 9, 2022 Common Stock 21.1K $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.