Form 4: Applied Industrial Technologies Director Acquires Shares of Restricted Stock
SEC Form 4 Filing
Richard J. Simoncic, a director at Applied Industrial Technologies, acquired 562 shares of restricted stock on January 23, 2025, under the company's 2023 Long-Term Performance Plan.
Summary
- On January 23, 2025, Richard J. Simoncic, a director of Applied Industrial Technologies Inc., acquired 562 shares of common stock.
- The acquisition was a grant of restricted stock under the company's 2023 Long-Term Performance Plan.
- The restricted stock vests one year from the date of the grant.
- Following the transaction, Mr. Simoncic directly owns 918 shares of Applied Industrial Technologies Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction, and there's no indication of positive or negative sentiment.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a standard grant of restricted stock, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals insider confidence.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of transaction: Richard J. Simoncic acquired 562 shares of restricted stock. |
| 01/27/2025 | Date of signature: Patricia A. Comai, POA for Richard J. Simoncic, signed the Form 4. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.