Form 4: Applied Industrial Technologies CEO Sells Shares
SEC Form 4 Filing
Neil A. Schrimsher, President and CEO of Applied Industrial Technologies, sold 3,703 shares of common stock on August 19, 2024.
Summary
- Neil A. Schrimsher, the President and CEO of Applied Industrial Technologies, sold 3,703 shares of the company's common stock on August 19, 2024.
- The shares were sold at a weighted average price of $202.24 per share, with individual transaction prices ranging from $202.00 to $202.51.
- Following the transaction, Schrimsher directly owns 205,708 shares of Applied Industrial Technologies common stock.
- He also indirectly owns 433.88 shares through a Retirement Savings Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of a stock sale, with no indication of positive or negative implications for the company's performance.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders depending on their perception of insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of stock sale transaction |
| 08/21/2024 | Date of signature on the Form 4 filing |
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