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

Role
VP-Chief HR Officer
Signature
/s/ Patricia A. Comai POA for Kurt Loring
Issuer symbol
AIT
Transactions as of
08 Aug 2023
Net transactions value
-$537,236
Form type
4
Filing time
10 Aug 2023, 17:16:01 UTC
Previous filing
29 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 +908 +3.7% $0.000000 25,540 08 Aug 2023 Direct F1
transaction AIT Common Stock Award $0 +5,829 +23% $0.000000 31,369 08 Aug 2023 Direct F2
transaction AIT Common Stock Tax liability $537,236 -3,759 -12% $142.92 27,610 08 Aug 2023 Direct F3
holding AIT Common Stock 32 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 +2,849 $0.000000 2,849 08 Aug 2023 Common Stock 2,849 $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.