David K. Wells - 13 Aug 2024 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
Vice President-CFO & Treasurer
Signature
/s/ Patricia A. Comai POA for David K. Wells
Issuer symbol
AIT
Transactions as of
13 Aug 2024
Net transactions value
-$593,869
Form type
4
Filing time
15 Aug 2024, 16:13:24 UTC
Previous filing
13 Aug 2024
Next filing
12 Aug 2025
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 +1,032 +3.6% $0.000000 29,940 13 Aug 2024 Direct F1
transaction AIT Common Stock Award $0 +4,825 +16% $0.000000 34,765 13 Aug 2024 Direct F2
transaction AIT Common Stock Tax liability $593,869 -3,008 -8.7% $197.43 31,757 13 Aug 2024 Direct F3

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 Stock Appreciation Rights Award $0 +3,380 $0.000000 3,380 13 Aug 2024 Common Stock 3,380 $197.43 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 2024 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.