Applied Industrial (NYSE: AIT) grants director 572 restricted shares
Rhea-AI Filing Summary
Applied Industrial Technologies director Richard J. Simoncic reported a new equity award. On 01/20/2026, he received 572 shares of common stock as a grant of restricted stock under the company’s 2023 Long-Term Performance Plan at a stated price of $0 per share.
The filing notes that these restricted shares vest one year from the grant date. After this award, Simoncic directly beneficially owns 1,490 shares of Applied Industrial Technologies common stock.
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FAQ
What insider transaction did AIT director Richard J. Simoncic report?
Director Richard J. Simoncic reported receiving 572 shares of Applied Industrial Technologies (AIT) common stock as a grant of restricted stock on 01/20/2026.
Was the AIT insider transaction a purchase or a grant of shares?
The Form 4 shows a transaction code "A", indicating an acquisition. The footnote clarifies this was a grant of restricted stock under the 2023 Long-Term Performance Plan at a stated price of $0 per share.
How many AIT shares does Richard J. Simoncic own after this Form 4 transaction?
Following the reported grant, Richard J. Simoncic directly beneficially owns 1,490 shares of Applied Industrial Technologies common stock.
When do the restricted AIT shares granted to Richard J. Simoncic vest?
The footnote states that the 572 restricted shares granted under the 2023 Long-Term Performance Plan vest one year from the date of the grant.
What is Richard J. Simoncic’s relationship to Applied Industrial Technologies (AIT)?
The Form 4 identifies Richard J. Simoncic as a director of Applied Industrial Technologies and not a 10% owner or officer.
Is the AIT Form 4 transaction held directly or indirectly by Richard J. Simoncic?
The filing reports direct ownership (D) of the shares by Richard J. Simoncic, with no nature of indirect ownership specified.