Form 4: Applied Industrial Technologies Executive Warren E. Hoffner III Reports Stock Transactions
SEC Form 4 Filing
Warren E. Hoffner III, VP, General Mgr-Fluid Power at Applied Industrial Technologies, reports exercising stock appreciation rights and disposing of shares to cover costs and taxes on August 30, 2024.
Summary
- On August 30, 2024, Warren E. Hoffner III, a VP at Applied Industrial Technologies, exercised stock appreciation rights.
- These transactions involved the acquisition of 1,475 shares at $69.05 and 850 shares at $88.79.
- Hoffner also disposed of 1,440 shares at $205.12 to cover the cost of exercising the stock appreciation rights and to satisfy tax withholding obligations.
- Following these transactions, Hoffner directly owns 59,709 shares of Applied Industrial Technologies common stock and 850 stock appreciation rights.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 08/11/2021 | Date stock appreciation rights were exercisable related to 1,475 shares. |
| 08/10/2022 | Date stock appreciation rights were exercisable related to 850 shares. |
| 08/30/2024 | Date of the reported transactions: exercising stock appreciation rights and disposing of shares. |
| 08/10/2031 | Expiration date of stock appreciation rights related to 850 shares. |
| 08/11/2030 | Expiration date of stock appreciation rights related to 1,475 shares. |
| 09/04/2024 | Date of the report filing. |
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