Jason W. Vasquez - Aug 13, 2024 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role
VP-Sales & Marketing-USSC
Signature
/s/ Patricia A . Comai, POA for Jason W. Vasquez
Stock symbol
AIT
Transactions as of
Aug 13, 2024
Transactions value $
-$349,254
Form type
4
Date filed
8/15/2024, 04:28 PM
Previous filing
Aug 13, 2024
Next filing
Feb 21, 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 +548 +2.72% $0.00 20.7K Aug 13, 2024 Direct F1
transaction AIT Common Stock Award $0 +2.8K +13.55% $0.00 23.5K Aug 13, 2024 Direct F2
transaction AIT Common Stock Tax liability -$349K -1.77K -7.54% $197.43 21.7K Aug 13, 2024 Direct F3
holding AIT Common Stock 849 Aug 13, 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 +1.8K $0.00 1.8K Aug 13, 2024 Common Stock 1.8K $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.