Neil A. Schrimsher - Aug 8, 2023 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 8, 2023
Transactions value $
-$4,297,890
Form type
4
Date filed
8/10/2023, 05:00 PM
Previous filing
May 24, 2023
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIT Common Stock Award $0 +5.78K +1.83% $0.00 322K Aug 8, 2023 Direct F1
transaction AIT Common Stock Award $0 +45.8K +14.2% $0.00 368K Aug 8, 2023 Direct F2
transaction AIT Common Stock Tax liability -$4.3M -30.1K -8.17% $142.92 338K Aug 8, 2023 Direct F3
holding AIT Common Stock 428 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 +18.1K $0.00 18.1K Aug 8, 2023 Common Stock 18.1K $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.