Applied Industrial Technologies (AIT) director receives 688-share restricted stock grant

Rhea-AI Filing Summary

Applied Industrial Technologies director Peter C. Wallace reported an equity award of company stock. On 01/20/2026, he received 688 shares of common stock, recorded at a price of $0 per share, which a footnote explains are restricted shares granted under the 2023 Long-Term Performance Plan that vest one year from the grant date.

After this grant, Wallace beneficially owned 29,179 shares of Applied Industrial Technologies common stock directly. He also held 3,247.165 additional shares indirectly through a Deferred Compensation Plan. This filing reflects equity-based compensation rather than an open-market purchase or sale.

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

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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^*

Wallace Peter C

(Last) (First) (Middle)

ONE APPLIED PLAZA

(Street)

CLEVELAND OH 44115

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
APPLIED INDUSTRIAL TECHNOLOGIES INC [ AIT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/20/2026		A		688(1)	A	$0	29,179	D
Common Stock								3,247.165	I	Deferred Compensation Plan

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares of restricted stock granted under the 2023 Long-Term Performance Plan that vest one year from the date of the grant.

Remarks:

	/s/ Patricia A. Comai, POA for Peter C. Wallace	01/21/2026
	** 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.
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FAQ

What insider transaction did AIT director Peter C. Wallace report?

On 01/20/2026, director Peter C. Wallace reported receiving 688 shares of Applied Industrial Technologies common stock as an equity award at a recorded price of $0 per share.

What is the nature of the 688 AIT shares reported by Peter C. Wallace?

The 688 shares are restricted stock granted under the 2023 Long-Term Performance Plan and vest one year from the date of the grant.

How many AIT shares does Peter C. Wallace own after this Form 4 transaction?

Following the reported transaction, Peter C. Wallace beneficially owned 29,179 shares of Applied Industrial Technologies common stock directly and 3,247.165 shares indirectly through a Deferred Compensation Plan.

Was the AIT Form 4 transaction a market purchase or sale?

No. The Form 4 shows an acquisition coded “A” at $0 per share, indicating a stock grant rather than an open-market purchase or sale.

What role does Peter C. Wallace hold at Applied Industrial Technologies (AIT)?

Peter C. Wallace is listed as a Director of Applied Industrial Technologies and is not reported as an officer or 10% owner on this Form 4.

How are some of Peter C. Wallace’s AIT shares held indirectly?

A portion of his holdings, totaling 3,247.165 shares, is reported as held indirectly through a Deferred Compensation Plan.