Kurt W. Loring - 13 Aug 2024 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
13 Aug 2024
Net transactions value
-$454,089
Form type
4
Filing time
15 Aug 2024, 16:52:59 UTC
Previous filing
13 Aug 2024
Next filing
27 Aug 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 +710 +3.4% $0.000000 21,428 13 Aug 2024 Direct F1
transaction AIT Common Stock Award $0 +3,553 +17% $0.000000 24,981 13 Aug 2024 Direct F2
transaction AIT Common Stock Tax liability $454,089 -2,300 -9.2% $197.43 22,681 13 Aug 2024 Direct F3
holding AIT Common Stock 33 13 Aug 2024 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 Stock Appreciation Rights Award $0 +2,324 $0.000000 2,324 13 Aug 2024 Common Stock 2,324 $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.