Applied Industrial (AIT) COO Wagner Receives RSUs and SARs; Details of Vesting

Rhea-AI Filing Summary

Richard M. Wagner, Chief Accounting Officer of Applied Industrial Technologies, reported equity awards granted on 08/12/2025. He was granted 286 restricted stock units (RSUs) that vest four years from the grant date and are settled in shares of Applied common stock. He was also granted 1,705 stock-only stock appreciation rights (SARs) with an exercise/conversion reference price of $270.68; these SARs become exercisable in annual increments of 25% beginning 08/12/2026 and expire 08/12/2035. Following the reported transactions, the Form 4 shows beneficial ownership of 988 shares of common stock and 1,705 SARs (underlying 1,705 shares), all reported as direct holdings. The Form 4 was signed by Patricia A. Comai as POA for Mr. Wagner on 08/14/2025.

Positive

• Transparent disclosure of award types, quantities, vesting, exercise schedule, and prices in compliance with Section 16 reporting
• Long-term alignment: RSUs and SARs tie compensation to future share performance with multi-year vesting/exercisability

Negative

• No negative items within the filing itself; the Form 4 reports routine equity compensation rather than adverse events

Insights

Financial Analyst

TL;DR: Routine executive equity awards were granted; no cash transaction or immediate dilution reported.

The filing documents standard long-term compensation: 286 RSUs that will convert to shares after a four-year vesting period and 1,705 SARs priced at $270.68 with staggered exercisability. These are compensation instruments intended to align executive incentives with share performance over multi-year horizons. The Form 4 shows direct beneficial ownership figures post-grant but does not report any cash proceeds or secondary transactions. The disclosure is procedural and typical for named officers; it does not by itself indicate operational or financial performance changes.

Corporate Governance Expert

TL;DR: Compensation disclosure follows Section 16 reporting norms; vesting and exercisability schedules are clearly stated.

The Form 4 transparently discloses the award types, vesting timeline for RSUs, and the SAR exercisability schedule (25% annual tranches beginning one year after grant). All reported holdings are direct. The form includes a POA signature, which is acceptable for timely filing. There is no indication of related-party transactions, departures, or amendments to prior disclosures within this filing.

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^*

Wagner Richard M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		A		286(1)	A	$0	988	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	$270.68	08/12/2025		A		1,705		08/12/2026(2)	08/12/2035	Common Stock	1,705	$0	1,705	D

Explanation of Responses:

1. Restricted stock units that vest four years from the date of grant and are settled in shares of Applied common stock.

2. 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 Richard M. Wagner	08/14/2025
	** 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.

FAQ

What did Richard M. Wagner report on the Form 4 for AIT?

He reported grants of 286 RSUs and 1,705 stock appreciation rights on 08/12/2025, with post-transaction beneficial ownership of 988 shares and 1,705 SARs.

When do the RSUs and SARs become exercisable or vest?

RSUs vest four years from the grant date; SARs are exercisable in 25% annual increments beginning 08/12/2026 and expire 08/12/2035.

What is the exercise/conversion price of the SARs reported?

The SARs are priced at $270.68 as shown on the Form 4.

Who signed the Form 4 and when was it filed?

Patricia A. Comai, as power of attorney for Richard M. Wagner, signed the Form 4 on 08/14/2025.

Does the Form 4 show any cash proceeds or stock dispositions by Mr. Wagner?

No. The filing reports only grants (acquisitions) of RSUs and SARs and shows no cash transactions or dispositions.