David K. Wells - Aug 9, 2022 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
Vice President-CFO & Treasurer
Signature
Patricia A. Comai POA for David K. Wells
Stock symbol
AIT
Transactions as of
Aug 9, 2022
Transactions value $
-$208,671
Form type
4
Date filed
8/11/2022, 12:57 PM
Previous filing
Aug 11, 2021
Next filing
Aug 15, 2022
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 +1.7K +8.37% $0.00 22K Aug 9, 2022 Direct F1
transaction AIT Common Stock Award $0 +7.55K +34.3% $0.00 29.6K Aug 9, 2022 Direct F2
transaction AIT Common Stock Tax liability -$209K -2.01K -6.79% $103.92 27.6K Aug 9, 2022 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 +4.7K $0.00 4.7K Aug 9, 2022 Common Stock 4.7K $103.92 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 2022 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.