Warren E. Hoffner III - 13 Aug 2024 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
VP, General Mgr-Fluid Power
Signature
/s/ Patricia A. Comai POA for Warren E. Hoffner, III
Issuer symbol
AIT
Transactions as of
13 Aug 2024
Net transactions value
-$359,915
Form type
4
Filing time
15 Aug 2024, 16:51:03 UTC
Previous filing
13 Aug 2024
Next filing
04 Sep 2024
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 +632 +1.1% $0.000000 57,314 13 Aug 2024 Direct F1
transaction AIT Common Stock Award $0 +3,333 +5.8% $0.000000 60,647 13 Aug 2024 Direct F2
transaction AIT Common Stock Tax liability $359,915 -1,823 -3% $197.43 58,824 13 Aug 2024 Direct F3
holding AIT Common Stock 449 13 Aug 2024 Retirement Savings Plan F4

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 +2,070 $0.000000 2,070 13 Aug 2024 Common Stock 2,070 $197.43 Direct F5
* 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 Shares held in the Company's 401k account.
F5 Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.