Applied Industrial (AIT) CFO Receives RSUs, Performance Shares, SARs at $270.68

Rhea-AI Filing Summary

David K. Wells, Vice President, Chief Financial Officer and Treasurer of Applied Industrial Technologies, reported insider transactions dated 08/12/2025. The filing shows grant and vesting-related activity: 866 restricted stock units that vest in three years, 2,608 performance shares banked for the 2025 performance cycle (vest at the end of a three-year program), and 2,664 stock-only stock appreciation rights granted with an exercise price of $270.68 and exercisable in 25% annual increments beginning 08/12/2026. The registrant withheld 1,914 shares to satisfy tax-withholding on vesting. Following the reported transactions, Mr. Wells beneficially owned 32,801 shares of Applied common stock.

Insights

Financial Analyst

TL;DR: Routine executive compensation grants and withholding activity; no sale of shares for cash beyond tax withholding.

The Form 4 documents customary equity compensation activity for a senior finance executive. The report lists time-based restricted stock units (866) and performance shares (2,608) that vest over multi-year periods, plus 2,664 stock-only SARs with a $270.68 exercise price and staggered exercisability beginning one year after grant. The only share disposition is 1,914 shares withheld to meet tax obligations on vesting, not an open-market sale. From an investor lens, these are retention- and performance-linked awards that do not indicate immediate liquidity-driven selling pressure.

Corporate Governance Expert

TL;DR: Governance shows standard long-term incentive structure and appropriate reporting via Form 4 and POA signature.

The filing indicates the company uses a mix of restricted stock units, performance shares, and stock appreciation rights to align executive pay with long-term performance. Vesting schedules (three-year vesting and multi-year performance program) and staged exercisability for SARs are consistent with retention-focused design. The Form 4 was executed by a power of attorney on behalf of the reporting person, which is properly disclosed. No indications of unusual insider disposition or governance exceptions appear in the filing text.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wells David K.

(Last) (First) (Middle)

ONE APPLIED PLAZA

(Street)

CLEVELAND OH 44115

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
APPLIED INDUSTRIAL TECHNOLOGIES INC [ AIT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President-CFO & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/12/2025		A		866(1)	A	$0	32,107	D
Common Stock	08/12/2025		A		2,608(2)	A	$0	34,715	D
Common Stock	08/12/2025		F		1,914(3)	D	$270.68	32,801	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	$270.68	08/12/2025		A		2,664		08/12/2026(4)	08/12/2035	Common Stock	2,664	$0	2,664	D

Explanation of Responses:

1. Restricted stock units that vest three years from the date of grant and are settled in shares of Applied common stock.

2. Performance shares "banked" as a result of 2025 performance. Performance shares vest at end of three-year program and are settled in shares of Applied common stock.

3. Shares withheld by Registrant to satisfy tax withholding obligations on vesting of performance shares.

4. Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.

Remarks:

	/s/ Patricia A. Comai POA for David K. Wells	08/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did AIT CFO David K. Wells report on 08/12/2025?

The report shows grants and vesting-related activity: 866 restricted stock units, 2,608 performance shares banked for 2025, and 2,664 stock-only SARs with a $270.68 exercise price.

Were any shares sold by David K. Wells in this Form 4 for cash proceeds?

No open-market sale is reported. 1,914 shares were withheld by the registrant to satisfy tax-withholding on vesting of performance shares.

When do the restricted stock units and performance shares vest?

The 866 restricted stock units vest three years from grant. The 2,608 performance shares vest at the end of the three-year performance program.

What are the exercisability and expiration terms for the stock appreciation rights?

The 2,664 stock-only SARs become exercisable in annual increments of 25% starting 08/12/2026 and expire on 08/12/2035.

How many Applied common shares did Mr. Wells beneficially own after these transactions?

Following the reported transactions, Mr. Wells beneficially owned 32,801 shares of Applied common stock.