Form 4: Applied Industrial Technologies CEO Neil Schrimsher Reports Stock Transaction
SEC Form 4 Filing
Neil Schrimsher, President and CEO of Applied Industrial Technologies, reports the disposition of 3,576 shares of common stock to cover tax obligations.
Summary
- On August 10, 2024, Neil A. Schrimsher, the President and CEO of Applied Industrial Technologies, reported a transaction involving the company's common stock.
- A total of 3,576 shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The transaction price was $197 per share.
- Following the transaction, Schrimsher directly owns 194,981 shares of common stock and indirectly owns 433.88 shares through a Retirement Savings Plan.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's performance.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Date of stock transaction (disposal of shares). |
| 08/13/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.