Jason W. Vasquez - Aug 8, 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
Stock symbol
AIT
Transactions as of
Aug 8, 2023
Transactions value $
$0
Form type
4
Date filed
8/10/2023, 04:55 PM
Previous filing
Aug 15, 2022
Next filing
Aug 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIT Common Stock Award $0 +743 +4.32% $0.00 17.9K Aug 8, 2023 Direct F1
transaction AIT Common Stock Award $0 +2.42K +13.51% $0.00 20.4K Aug 8, 2023 Direct F2
holding AIT Common Stock 821 Aug 8, 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 +2.33K $0.00 2.33K Aug 8, 2023 Common Stock 2.33K $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.