Form 4: Applied Industrial Technologies Executive Sells Shares
SEC Form 4 Filing
Kurt W. Loring, VP-Chief HR Officer of Applied Industrial Technologies, sold 4,858 shares of common stock at an average price of $203.1 on August 30, 2024.
Summary
- On August 30, 2024, Kurt W. Loring, the VP-Chief HR Officer of Applied Industrial Technologies, sold 4,858 shares of the company's common stock.
- The sale was executed at a weighted average price of $203.1 per share, with individual transactions ranging from $203.07 to $203.37.
- Following the transaction, Loring directly owns 19,315 shares and indirectly owns 32.945 shares through a Retirement Savings Plan.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares doesn't necessarily indicate a positive or negative outlook for the company, but it is important to monitor for patterns or significant changes in insider activity.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by a company executive may cause some investors to re-evaluate their positions, but the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of the transaction (sale of common stock) |
| 09/04/2024 | Date of the Form 4 filing |
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