David K. Wells - 08 Aug 2023 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
08 Aug 2023
Net transactions value
-$681,443
Form type
4
Filing time
10 Aug 2023, 16:52:09 UTC
Previous filing
15 Aug 2022
Next filing
14 Aug 2023
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 +1,284 +4.8% $0.000000 27,872 08 Aug 2023 Direct F1
transaction AIT Common Stock Award $0 +7,639 +27% $0.000000 35,511 08 Aug 2023 Direct F2
transaction AIT Common Stock Tax liability $681,443 -4,768 -13% $142.92 30,743 08 Aug 2023 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 Common Stock Award $0 +4,029 $0.000000 4,029 08 Aug 2023 Common Stock 4,029 $142.92 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 2023 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.