Form 4: Applied Industrial Technologies CEO Neil Schrimsher Sells Shares
SEC Form 4 Filing
Neil A. Schrimsher, President and CEO of Applied Industrial Technologies, sold 21,422 shares of common stock on August 21, 2024.
Summary
- On August 21, 2024, Neil A. Schrimsher, the President and CEO of Applied Industrial Technologies, sold 21,422 shares of the company's common stock.
- The sale was executed at a weighted average price of $202.37 per share.
- Following the transaction, Schrimsher directly owns 184,286 shares of Applied Industrial Technologies.
- He also indirectly owns 433.88 shares through a Retirement Savings Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive, which is neutral in sentiment.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects, although they can be for personal financial reasons.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Date of the stock sale transaction |
| 08/23/2024 | Date of signature on the Form 4 filing |
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