Form 4: Applied Industrial Technologies Director Peter Wallace Reports Stock Transaction

Director Peter Wallace reports a transaction involving Applied Industrial Technologies stock, including a distribution from a deferred compensation plan.

Summary

• On July 12, 2024, Peter C. Wallace, a director of Applied Industrial Technologies Inc. (AIT), engaged in a transaction involving the company's common stock.
• The transaction involved a distribution of 1,560 shares from a Deferred Compensation Plan at a price of $194.56, which were disposed of.
• Wallace also acquired 1,560 shares at the same price of $194.56.
• Following the reported transactions, Wallace directly owns 26,236 shares and indirectly owns 4,774.62 shares through a Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of individuals with access to non-public information.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine disclosure of insider trading activity.

Key Dates