Applied Industrial grants equity awards to its CFO

Q: What equity awards did AIT grant to CFO David K. Wells on this Form 4?

David K. Wells received 2,153 stock appreciation rights, 651 restricted stock units that vest after three years, and 1,870 performance shares banked based on 2026 performance, all settled in Applied Industrial Technologies common stock.

Q: What are the key terms of the stock appreciation rights granted by AIT (AIT)?

The grant covers 2,153 stock-only stock appreciation rights with an exercise price of $352.35 per share. They become exercisable in annual increments of 25%, beginning one year after the grant date and expiring in 2036.

Q: How do the restricted stock units reported by AIT (AIT) vest?

The filing shows 651 restricted stock units that vest three years from the date of grant. Upon vesting, they are settled in shares of Applied Industrial Technologies common stock, aligning the CFO’s compensation with long-term company performance.

Q: What are the performance shares "banked" for AIT’s CFO in this Form 4?

The report lists 1,870 performance shares banked as a result of 2026 performance. These performance shares vest at the end of a three-year program and are settled in shares of Applied Industrial Technologies common stock.

Q: Why were 887 AIT shares withheld in the Form 4 transaction?

The company withheld 887 shares of common stock to satisfy tax withholding obligations upon vesting of performance shares. This transaction is coded as a tax-related disposition and does not represent an open-market sale by the executive.

Applied Industrial Technologies Inc. reported equity compensation changes for Vice President-CFO & Treasurer David K. Wells.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Applied Industrial Technologies Inc. reported equity compensation changes for Vice President-CFO & Treasurer David K. Wells. He received 2,153 stock appreciation rights with an exercise price of $352.35 per share that become exercisable in 25% annual increments starting one year from grant. He also received 651 restricted stock units that vest three years from grant and 1,870 performance shares banked based on 2026 performance, which vest at the end of a three-year program, all settled in common stock. In a related transaction, 887 shares of common stock were withheld by the company to satisfy tax withholding obligations upon vesting of performance shares.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Wells David K.

Role Vice President-CFO & Treasurer

Type	Security	Shares	Price	Value
Grant/Award	Stock Appreciation Rights ^F4	2,153	$0.00	$0.00
Grant/Award	Common Stock ^F1	651	$0.00	$0.00
Grant/Award	Common Stock ^F2	1,870	$0.00	$0.00
Tax Withholding	Common Stock ^F3	887	$352.35	$313K

Holdings After Transaction: Stock Appreciation Rights — 2,153 contracts (Direct); Common Stock — 33,862 shares (Direct)

Footnotes (4)

F1. Restricted stock units that vest three years from the date of grant and are settled in shares of Applied common stock.
F2. Performance shares "banked" as a result of 2026 performance. Performance shares vest at end of three-year program and are settled in shares of Applied common stock.
F3. Shares withheld by Registrant to satisfy tax withholding obligations on vesting of performance shares.
F4. Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.

Key Figures

Stock Appreciation Rights granted: 2,153 rights SAR exercise price: $352.35 per share Restricted stock units granted: 651 units +3 more

6 metrics

Stock Appreciation Rights granted 2,153 rights Stock-only stock appreciation rights granted to CFO on 2026-08-11

SAR exercise price $352.35 per share Conversion or exercise price for 2,153 stock appreciation rights

Restricted stock units granted 651 units RSUs vest three years from grant and settle in common stock

Performance shares banked 1,870 shares Banked as a result of 2026 performance; vest at end of three-year program

Shares withheld for taxes 887 shares Common shares withheld to satisfy tax withholding on vesting of performance shares

SAR expiration date 2036-08-11 Expiration date of 2,153 stock-only stock appreciation rights

Key Terms

Restricted stock units, Performance shares, Stock appreciation rights, tax withholding obligations

4 terms

Restricted stock units financial

"Restricted stock units that vest three years from the date of grant"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance shares financial

"Performance shares "banked" as a result of 2026 performance"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Stock appreciation rights financial

"Stock-only stock appreciation rights which become exercisable in annual increments"

Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.

tax withholding obligations financial

"Shares withheld by Registrant to satisfy tax withholding obligations"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did AIT grant to CFO David K. Wells on this Form 4?

David K. Wells received 2,153 stock appreciation rights, 651 restricted stock units that vest after three years, and 1,870 performance shares banked based on 2026 performance, all settled in Applied Industrial Technologies common stock.

What are the key terms of the stock appreciation rights granted by AIT (AIT)?

The grant covers 2,153 stock-only stock appreciation rights with an exercise price of $352.35 per share. They become exercisable in annual increments of 25%, beginning one year after the grant date and expiring in 2036.

How do the restricted stock units reported by AIT (AIT) vest?

The filing shows 651 restricted stock units that vest three years from the date of grant. Upon vesting, they are settled in shares of Applied Industrial Technologies common stock, aligning the CFO’s compensation with long-term company performance.

What are the performance shares "banked" for AIT’s CFO in this Form 4?

The report lists 1,870 performance shares banked as a result of 2026 performance. These performance shares vest at the end of a three-year program and are settled in shares of Applied Industrial Technologies common stock.

Why were 887 AIT shares withheld in the Form 4 transaction?

The company withheld 887 shares of common stock to satisfy tax withholding obligations upon vesting of performance shares. This transaction is coded as a tax-related disposition and does not represent an open-market sale by the executive.

Does this AIT Form 4 indicate open-market buying or selling by the CFO?

No open-market purchases or sales are reported. The transactions involve equity grants (stock appreciation rights, restricted stock units, performance shares) and shares withheld for tax obligations, rather than discretionary market trades by the CFO.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 08/13/2026 - 04:10 PM EDT

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
Estimated average burden
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

OHIO

44115

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/11/2026		A		651⁽¹⁾	A	$0	32,879	D
Common Stock	08/11/2026		A		1,870⁽²⁾	A	$0	34,749	D
Common Stock	08/11/2026		F		887⁽³⁾	D	$352.35	33,862	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Appreciation Rights	$352.35	08/11/2026		A		2,153		08/11/2027⁽⁴⁾	08/11/2036	Common Stock	2,153	$0	2,153	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 2026 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	08/13/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR