Kurt Loring - 16 Aug 2022 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
16 Aug 2022
Transactions value $
-$1,588,372
Form type
4
Filing time
18 Aug 2022, 16:15:41 UTC
Previous filing
16 Aug 2022
Next filing
29 Aug 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 Options Exercise $662K +13.5K +52.83% $49.04 39.1K 16 Aug 2022 Direct
transaction AIT Common Stock Tax liability -$1.08M -9.28K -23.75% $116.16 29.8K 16 Aug 2022 Direct F1
transaction AIT Common Stock Options Exercise $314K +6.4K +21.49% $49.04 36.2K 16 Aug 2022 Direct
transaction AIT Common Stock Tax liability -$511K -4.4K -12.16% $116.16 31.8K 16 Aug 2022 Direct F1
holding AIT Common Stock 30.6 16 Aug 2022 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 Options Exercise -$662K -13.5K -100% $49.04 0 16 Aug 2022 Common Stock 13.5K $49.04 Direct F2
transaction AIT Stock Appreciation Rights Options Exercise -$314K -6.4K -100% $49.04 0 16 Aug 2022 Common Stock 6.4K $49.04 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Registrant to cover the cost of exercising stock appreciation rights and to satisfy tax withholding obligations.
F2 Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.