Applied Industrial (NYSE: AIT) director granted 572 restricted shares
Rhea-AI Filing Summary
Applied Industrial Technologies director Joe Anthony Raver reported an equity award of company stock. On 01/20/2026, he received 572 shares of common stock at a price of $0. These shares are described as restricted stock granted under the 2023 Long-Term Performance Plan and are scheduled to vest one year from the grant date.
Following this award, Raver beneficially owns 13,671 shares of Applied Industrial Technologies common stock in direct form. This filing reflects an equity-based compensation grant rather than an open-market purchase or sale.
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FAQ
What insider transaction did AIT director Joe Anthony Raver report?
Joe Anthony Raver, a director of Applied Industrial Technologies (AIT), reported receiving 572 shares of common stock as an equity award on 01/20/2026.
Was the AIT insider transaction a purchase, sale, or grant of shares?
The transaction was coded as A (acquisition) and represents a grant of restricted stock under the company’s 2023 Long-Term Performance Plan, not an open-market purchase or sale.
What is the vesting schedule for the 572 AIT shares reported by the director?
The 572 shares are restricted stock that, according to the disclosure, vest one year from the date of the grant made on 01/20/2026.
How many AIT shares does Joe Anthony Raver own after this transaction?
After the reported grant, Joe Anthony Raver beneficially owns 13,671 shares of Applied Industrial Technologies common stock, held directly.
Did the AIT director pay anything for the 572 restricted shares?
The filing reports a price of $0 per share for the 572 shares, indicating they were awarded as equity compensation rather than purchased for cash.
Is the AIT Form 4 filing for a single reporting person or a group?
The disclosure indicates it is a Form filed by one reporting person, covering only director Joe Anthony Raver.