Jason W. Vasquez - 08 Aug 2023 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
VP-Sales & Marketing-USSC
Signature
Patricia A. Comai/POA for Jason W. Vasquez
Issuer symbol
AIT
Transactions as of
08 Aug 2023
Net transactions value
$0
Form type
4
Filing time
10 Aug 2023, 16:55:25 UTC
Previous filing
15 Aug 2022
Next filing
29 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 +743 +4.3% $0.000000 17,945 08 Aug 2023 Direct F1
transaction AIT Common Stock Award $0 +2,424 +14% $0.000000 20,369 08 Aug 2023 Direct F2
holding AIT Common Stock 821 08 Aug 2023 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 Common Stock Award $0 +2,331 $0.000000 2,331 08 Aug 2023 Common Stock 2,331 $142.92 Direct F3
* 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 Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.