Form 4: Applied Industrial Technologies Director Acquires Shares
SEC Form 4 Filing
Peter C. Wallace, a director at Applied Industrial Technologies, acquired shares of common stock through a deferred compensation plan.
Summary
- On March 31, 2024, Peter C. Wallace, a director of Applied Industrial Technologies Inc., acquired 12.294 shares of common stock at a price of $189.89 per share.
- Following this transaction, Wallace indirectly owns 6,322.499 shares through a deferred compensation plan.
- Wallace also directly owns 24,676 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders (such as directors or officers) of a publicly traded company buy or sell the company's securities. They provide transparency into the transactions of those with privileged information.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects the director's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: Acquisition of common stock. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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