Applied Industrial (AIT) VP Hoffner awarded SARs, RSUs and performance shares
Rhea-AI Filing Summary
Applied Industrial Technologies executive Warren E. Hoffner III, VP and General Manager–Fluid Power, reported equity compensation activity. He received 1,305 stock-only stock appreciation rights at an exercise price of $352.35 per share, becoming exercisable in 25% annual increments starting one year after grant and expiring in 2036. He was also granted 394 restricted stock units that vest three years from grant and 1,157 performance shares "banked" based on 2026 performance that vest at the end of a three-year program, all to be settled in common stock. In connection with the vesting of performance shares, 320 shares of common stock were withheld to satisfy tax withholding obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,231 shares
Net Buy
4 txns
Insider
Hoffner Warren E III
Role
VP, General Mgr-Fluid Power
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Appreciation Rights F4 | 1,305 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 394 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2 | 1,157 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 320 | $352.35 | $113K |
Holdings After Transaction:
Stock Appreciation Rights — 1,305 shares (Direct);
Common Stock — 41,775 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: 1,305 rights
SAR exercise price: $352.35 per share
Restricted stock units granted: 394 shares
+3 more
6 metrics
Stock appreciation rights granted
1,305 rights
Stock-only stock appreciation rights granted to Hoffner on 2026-08-11
SAR exercise price
$352.35 per share
Conversion or exercise price for 1,305 stock appreciation rights
Restricted stock units granted
394 shares
RSUs vesting three years from grant and settled in common stock
Performance shares banked
1,157 shares
Performance shares banked based on 2026 performance, vesting at end of three-year program
Shares withheld for taxes
320 shares
Common shares withheld to satisfy tax withholding obligations on vesting of performance shares
SAR expiration date
August 11, 2036
Expiration date of 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.
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 on vesting"
FAQ
What equity awards did AIT executive Warren E. Hoffner III receive in this Form 4?
Warren E. Hoffner III received 1,305 stock appreciation rights, 394 restricted stock units, and 1,157 performance shares, all tied to Applied Industrial Technologies common stock and subject to multi‑year vesting schedules.
What are the terms of the stock appreciation rights reported for AIT’s Hoffner?
The filing reports 1,305 stock-only stock appreciation rights with an exercise price of $352.35 per share. They become exercisable in 25% annual increments starting one year after the grant date and expire on August 11, 2036.
How do the restricted stock units granted to AIT’s Hoffner vest?
Hoffner was granted 394 restricted stock units that vest three years from the date of grant. Upon vesting, the units are settled in shares of Applied Industrial Technologies common stock, according to the disclosure.
Does this AIT Form 4 show open-market buying or selling by Hoffner?
No open‑market purchases or sales are reported. The transactions involve equity grants (stock appreciation rights, restricted stock units, performance shares) and 320 shares withheld to cover tax obligations on vested performance shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
