Form 4: Applied Industrial Technologies Director Acquires Shares

Robert J. Pagano Jr., a director at Applied Industrial Technologies, acquired 562 shares of common stock on January 23, 2025, under the company's 2023 Long-Term Performance Plan.

Summary

• On January 23, 2025, Robert J. Pagano Jr., a director of Applied Industrial Technologies, acquired 562 shares of common stock.
• The acquisition was made under the company's 2023 Long-Term Performance Plan.
• The shares were acquired at a price of $0.
• Following the transaction, Pagano directly owns 11,584 shares of Applied Industrial Technologies common stock.
• The shares of restricted stock vest one year from the date of the grant.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares suggests confidence in the company, but it's a relatively small transaction.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company insiders, such as directors, and their confidence in the company's stock.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates