Form 4: Applied Industrial Technologies VP Sells Shares and Exercises Stock Appreciation Rights

Kurt W. Loring, VP-Chief HR Officer of Applied Industrial Technologies, sold shares and exercised stock appreciation rights on August 23, 2024.

Summary

• On August 23, 2024, Kurt W. Loring, VP-Chief HR Officer of Applied Industrial Technologies, engaged in transactions involving the company's stock.
• Loring sold 3,366 shares of common stock at a weighted average price of $209.02, with prices ranging from $208.38 to $209.19.
• He also exercised stock appreciation rights (SARs) for 11,000 shares at a price of $38.36.
• 6,142 shares were withheld by the company to cover the cost of exercising the SARs and to satisfy tax withholding obligations.
• Following these transactions, Loring directly owns 24,173 shares and indirectly owns 32,945 shares through a Retirement Savings Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine transactions by an officer. It doesn't inherently indicate positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
• The company's tax obligations are affected by the shares withheld for tax purposes.

Key Dates