Form 4: Applied Industrial Technologies CFO Reports Stock Transactions

David K. Wells, CFO of Applied Industrial Technologies, reports acquisition and disposal of company stock and derivative securities.

Summary

• David K. Wells, the CFO and Treasurer of Applied Industrial Technologies, filed a Form 4 detailing changes in beneficial ownership.
• On August 13, 2024, Wells acquired 1,032 shares of common stock and 4,825 performance shares, both at a price of $0.
• On the same day, 3,008 shares were disposed of at $197.43 to cover tax withholding obligations.
• Wells also acquired 3,380 stock appreciation rights (SARs) with an exercise price of $197.43, exercisable starting August 13, 2025.
• Following these transactions, Wells directly owns 31,757 shares of common stock and 3,380 stock appreciation rights.
• The filing indicates that some transactions were related to the vesting of restricted stock units and performance shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about ownership changes.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment about the company's prospects.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the executive's holdings and compensation structure.

Key Dates