Form 4: Applied Industrial Technologies VP Jason Vasquez Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Jason W. Vasquez, VP of Sales & Marketing-USSC at Applied Industrial Technologies, reported disposing of shares to cover tax withholding obligations on vesting restricted stock units.
Summary
- On August 10, 2024, Jason W. Vasquez disposed of 413 shares of Applied Industrial Technologies common stock at a price of $197 to cover tax obligations.
- On August 11, 2024, Vasquez disposed of an additional 2,430 shares for the same reason.
- Following these transactions, Vasquez directly owns 20,117 shares of common stock and indirectly owns 849.4409 shares through a Retirement Savings Plan.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine Form 4 filing, reflecting stock disposals by a company insider to cover tax obligations. Such filings are common and provide transparency into insider transactions.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on shareholders, as it is related to tax obligations and involves a relatively small number of shares compared to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 08/10/2024 | Disposal of 413 shares of common stock. |
| 08/11/2024 | Disposal of 2,430 shares of common stock. |
| 08/13/2024 | Date of signature by Patricia A. Comai, POA for Jason W. Vasquez. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.