Form 4: Applied Industrial Technologies VP Kurt Loring Reports Stock Transactions

VP-Chief HR Officer Kurt W. Loring reports acquisition and disposal of Applied Industrial Technologies stock, including restricted stock units, performance shares, and stock appreciation rights.

Summary

• On August 13, 2024, Kurt W. Loring, VP-Chief HR Officer of Applied Industrial Technologies, reported several transactions involving the company's stock.
• Loring acquired 710 restricted stock units that will vest in three years.
• He also acquired 3,553 performance shares based on the company's 2024 performance, which will vest at the end of a three-year program.
• 2,300 shares were withheld to cover tax obligations related to the vesting of performance shares at a price of $197.43.
• Loring also acquired 2,324 stock appreciation rights (SARs) exercisable in annual increments of 25% starting one year from the grant date.
• Following these transactions, Loring directly owns 22,681 shares and indirectly owns 32.8975 shares through a Retirement Savings Plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The stock appreciation rights become exercisable in annual increments of 25% commencing one year after the date of grant.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates