Form 4: Applied Industrial Technologies Executive Kurt W. Loring Reports Stock Transaction
SEC Form 4 Filing
Kurt W. Loring, VP-Chief HR Officer of Applied Industrial Technologies, reports the withholding of 551 common stock shares to cover tax obligations on vested restricted stock units on August 10, 2024.
Summary
- On August 10, 2024, Kurt W. Loring, VP-Chief HR Officer of Applied Industrial Technologies, reported a transaction involving the company's common stock.
- 551 shares were withheld by the company to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $197 per share.
- Following the transaction, Loring directly owns 20,718 shares of common stock and indirectly owns 32.8975 shares through a Retirement Savings Plan.
Sentiment
Score: 5
Explanation: The document is a neutral report of a routine stock transaction related to tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who receive stock-based compensation. It provides transparency into insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Date of the stock transaction (tax withholding). |
| 08/13/2024 | Date of signature on the Form 4 filing. |
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