Form 4: Applied Industrial Technologies Executive Exercises Stock Appreciation Rights
SEC Form 4 Filing
Jason W. Vasquez, VP of Sales & Marketing at Applied Industrial Technologies, exercised stock appreciation rights and sold shares to cover costs and taxes on February 19, 2025.
Summary
- On February 19, 2025, Jason W. Vasquez, VP of Sales & Marketing at Applied Industrial Technologies, exercised stock appreciation rights.
- This involved the acquisition of 10,000 shares of common stock at a price of $74.55.
- Simultaneously, 5,525 shares were disposed of at $266 to cover the cost of exercising the rights and to satisfy tax withholding obligations.
- Following these transactions, Vasquez directly owns 26,172 shares of common stock and indirectly owns 857.221 shares through a Retirement Savings Plan.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects standard executive compensation practices and doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The exercise of stock appreciation rights and subsequent sale of shares to cover costs and taxes is a common practice.
Key Dates
| Date | Description |
|---|---|
| 08/09/2019 | Date Stock Appreciation Rights became exercisable |
| 02/19/2025 | Date of transaction: exercise of stock appreciation rights and sale of shares |
| 02/21/2025 | Date of signature on the Form 4 filing |
| 08/09/2028 | Expiration date of Stock Appreciation Rights |
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