Applied Industrial (AIT) insider tax-withholding of 3,218 RSUs by CEO
Rhea-AI Filing Summary
Neil A. Schrimsher, who serves as a director and as President and CEO of Applied Industrial Technologies (AIT), reported a routine compensation-related transaction on 08/09/2025. The registrant withheld 3,218 shares to satisfy tax-withholding obligations arising from the vesting of restricted stock units. The withholding price shown is $263.13 per share. After the withholding, Mr. Schrimsher beneficially owned 170,388 shares of AIT common stock. The filing also lists an indirect holding of 436.92 shares associated with a Retirement Savings Plan.
This Form 4 reflects an internal tax-withholding action tied to equity compensation rather than an open-market sale or discretionary disposition.
Positive
- None.
Negative
- None.
Insights
Routine RSU tax-withholding; no change to voting control or leadership stake.
The Form 4 shows a standard shares-withheld-for-taxes transaction tied to vested restricted stock units for Neil A. Schrimsher, who is both a director and the company's President and CEO. Withholding of 3,218 shares at $263.13 per share reduced his direct holdings to 170,388 shares. This is a compensation settlement mechanism and does not indicate a voluntary sale or a change in board or executive status. From a governance perspective, the filing is routine and non-disruptive.
Insider tax-withholding; immaterial to overall ownership and market supply.
The reported transaction is a withholding to cover taxes on RSU vesting rather than an open-market disposition. The 3,218-share withholding and the resulting 170,388-share beneficial ownership are explicit in the filing, as is an indirect 436.92-share position in a Retirement Savings Plan. Given the scale of the reported holding, this transaction is unlikely to meaningfully affect AIT's float or signal a change in insider sentiment based on the filing alone.