STOCK TITAN

Applied Industrial (AIT) insider tax-withholding of 3,218 RSUs by CEO

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

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.

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*
Schrimsher Neil A

(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
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/09/2025
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 08/09/2025 F 3,218(1) D $263.13 170,388 D
Common Stock 436.92 I Retirement Savings 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 withheld by Registrant to satisfy tax withholding obligations on vesting of restricted stock units.
Remarks:
/s/Patricia A. Comai POA for Neil A. Schrimsher 08/12/2025
** 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 the AIT Form 4 filed for Neil A. Schrimsher report?

It reported that 3,218 shares were withheld to satisfy tax withholding on vested restricted stock units and listed his post-transaction beneficial ownership as 170,388 shares.

Was the transaction a sale of AIT stock by the CEO?

No. The filing shows shares were withheld by the registrant to satisfy tax obligations on RSU vesting, not an open-market sale.

What price is shown for the withheld shares in the AIT Form 4?

The filing shows a withholding price of $263.13 per share.

Does Neil A. Schrimsher hold shares indirectly for AIT?

Yes. The Form 4 lists an indirect holding of 436.92 shares associated with a Retirement Savings Plan.

What role does Neil A. Schrimsher hold at AIT according to the filing?

The filing identifies him as a Director and as an Officer (President and CEO) of Applied Industrial Technologies.
Applied Indl Technologies Inc

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