Form 4: Applied Industrial Technologies Director Acquires Shares
SEC Form 4 Filing
Director Peter C. Wallace reports acquisition of Applied Industrial Technologies shares through deferred compensation plan.
Summary
- On June 30, 2024, Peter C. Wallace, a director of Applied Industrial Technologies Inc., acquired 12.121 shares of common stock at a price of $193 per share.
- Following the transaction, Wallace directly owns 24,676 shares and indirectly owns 6,334.62 shares through a deferred compensation plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of a director's share acquisition, which could be seen as a positive signal, but it's not a major event.
Positives
- The director's acquisition of shares may signal confidence in the company's future performance.
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 seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The acquisition of shares by a director could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of transaction: Acquisition of common stock. |
| 07/01/2024 | Date of signature by Patricia A. Comai, POA for Peter C. Wallace. |
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