Form 4: Applied Industrial Technologies CEO Sells Shares in Exchange Fund Transaction

Neil A. Schrimsher, President and CEO of Applied Industrial Technologies, disposed of 10,680 shares of common stock in a transaction involving an exchange fund on February 18, 2025.

Summary

• On February 18, 2025, Neil A. Schrimsher, the President and CEO of Applied Industrial Technologies, contributed 10,680 shares of common stock to an exchange fund.
• The transaction was an irrevocable contribution in exchange for shares of the exchange fund.
• The common stock was valued at $269.18 per share on the day the shares were accepted by the exchange fund.
• Following the transaction, Schrimsher directly owns 173,606 shares of Applied Industrial Technologies common stock.
• Schrimsher also indirectly owns 435.196 shares through a Retirement Savings Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of a transaction. The CEO selling shares doesn't necessarily indicate a negative outlook, especially when it involves an exchange fund.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as insider transactions are often scrutinized for signals about the company's performance.

Key Dates