Applied Industrial (AIT) grants RSUs and stock appreciation rights to its CAO
Rhea-AI Filing Summary
APPLIED INDUSTRIAL TECHNOLOGIES INC granted Chief Accounting Officer Richard M. Wagner equity-based awards. He received 215 restricted stock units, which vest four years from the grant date and are settled in shares of common stock. He also received 1,378 stock-only stock appreciation rights with an exercise price of $352.35 per share, becoming exercisable in 25% annual increments starting one year after grant, and expiring in 2036. Following these grants, Wagner directly holds 1,203 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 215 shares
Net Buy
2 txns
Insider
Wagner Richard M
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Appreciation Rights F2 | 1,378 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 215 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Appreciation Rights — 1,378 shares (Direct);
Common Stock — 1,203 shares (Direct)
Footnotes (2)
- F1. Restricted stock units that vest four years from the date of grant and are settled in shares of Applied common stock.
- F2. Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.
Key Figures
Restricted stock units granted: 215 units
Stock appreciation rights granted: 1,378 rights
SAR exercise price: $352.35 per share
+2 more
5 metrics
Restricted stock units granted
215 units
Equity award to Chief Accounting Officer vesting four years from grant
Stock appreciation rights granted
1,378 rights
Stock-only stock appreciation rights granted to Chief Accounting Officer
SAR exercise price
$352.35 per share
Exercise price of stock-only stock appreciation rights
SAR expiration date
2036-08-11
Expiration of stock-only stock appreciation rights if unexercised
Common shares held after grant
1,203 shares
Direct AIT common stock holdings following reported transactions
Key Terms
Restricted stock units, Stock appreciation rights, exercise price
3 terms
Restricted stock units financial
"Restricted stock units that vest four 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.
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.
exercise price financial
"conversion or exercise price: 352.3500"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What equity awards did AIT grant to Richard M. Wagner on this Form 4?
Richard M. Wagner received 215 restricted stock units and 1,378 stock-only stock appreciation rights. The RSUs settle in common shares after vesting, and the SARs are exercisable over time at a fixed exercise price.
When do Richard M. Wagner’s new AIT restricted stock units vest?
The 215 restricted stock units vest four years from the date of grant. Once vested, they are settled in shares of Applied Industrial Technologies common stock, increasing his actual share ownership if he retains the shares.
What are the key terms of Richard M. Wagner’s AIT stock appreciation rights?
Wagner received 1,378 stock-only stock appreciation rights with an exercise price of $352.35 per share. They become exercisable in 25% annual installments starting one year after grant and expire in 2036 if not exercised.
Were Richard M. Wagner’s AIT transactions under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed (set to false). The reported transactions are equity grants rather than open-market trades and are not described as executed under a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
