Form 4: Applied Industrial Technologies Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David K. Wells, Vice President-CFO & Treasurer of Applied Industrial Technologies, disposed of 734 shares of common stock on August 10, 2024, to satisfy tax withholding obligations.
Summary
- On August 10, 2024, David K. Wells, the Vice President-CFO & Treasurer of Applied Industrial Technologies, disposed of 734 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $197.
- Following the transaction, Wells directly owns 28,908 shares of Applied Industrial Technologies common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock awards.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Date of transaction: David K. Wells disposed of 734 shares of common stock. |
| 08/13/2024 | Date of signature on the Form 4 filing. |
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