Warren E. Hoffner III - Aug 8, 2023 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
VP, General Mgr-Fluid Power
Signature
Patricia A. Comai POA for Warren E. Hoffner, III
Stock symbol
AIT
Transactions as of
Aug 8, 2023
Transactions value $
-$493,932
Form type
4
Date filed
8/10/2023, 05:12 PM
Previous filing
Feb 16, 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 +848 +1.52% $0.00 56.7K Aug 8, 2023 Direct F1
transaction AIT Common Stock Award $0 +5.51K +9.72% $0.00 62.2K Aug 8, 2023 Direct F2
transaction AIT Common Stock Tax liability -$494K -3.46K -5.56% $142.92 58.7K Aug 8, 2023 Direct F3
holding AIT Common Stock 442 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 +2.66K $0.00 2.66K Aug 8, 2023 Common Stock 2.66K $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.