David K. Wells - 09 Aug 2022 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
Vice President-CFO & Treasurer
Signature
Patricia A. Comai POA for David K. Wells
Issuer symbol
AIT
Transactions as of
09 Aug 2022
Net transactions value
-$208,671
Form type
4
Filing time
11 Aug 2022, 12:57:24 UTC
Previous filing
11 Aug 2021
Next filing
15 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 +1,700 +8.4% $0.000000 22,009 09 Aug 2022 Direct F1
transaction AIT Common Stock Award $0 +7,550 +34% $0.000000 29,559 09 Aug 2022 Direct F2
transaction AIT Common Stock Tax liability $208,671 -2,008 -6.8% $103.92 27,551 09 Aug 2022 Direct F3

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 +4,700 $0.000000 4,700 09 Aug 2022 Common Stock 4,700 $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.