Form 4: Applied Industrial Technologies Executive Warren E. Hoffner III Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Warren E. Hoffner III, VP and General Manager of Fluid Power at Applied Industrial Technologies, reports changes in beneficial ownership of company stock due to tax withholding obligations and holdings in a retirement savings plan.
Summary
- On August 10, 2024, Warren E. Hoffner III, VP, General Mgr-Fluid Power at Applied Industrial Technologies, reported changes in beneficial ownership of the company's common stock.
- 473 shares were disposed of to satisfy tax withholding obligations on the vesting of restricted stock units at a price of $197 per share.
- Following the transaction, Hoffner directly owns 56,682 shares of common stock.
- Hoffner also indirectly owns 449.0824 shares through the Retirement Savings Plan.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting a transaction related to tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Date of transaction involving common stock. |
| 08/13/2024 | Date of signature on the report. |
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