Applied Industrial Technologies (AIT) CEO granted SARs, RSUs and performance shares

Rhea-AI Filing Summary

Applied Industrial Technologies President and CEO Neil A. Schrimsher reported equity compensation and related tax withholding transactions dated August 11, 2026. He received 10,217 stock-only stock appreciation rights with an exercise price of $352.35 per share, which become exercisable in 25% annual increments starting one year after grant. He was also granted 3,089 restricted stock units that vest three years from the grant date, and 10,313 performance shares banked based on 2026 performance that vest at the end of a three-year program, all to be settled in common stock. In connection with vesting of performance shares, 4,876 shares of common stock were withheld by the company to satisfy tax withholding obligations at $352.35 per share.

Insider Trade Summary

Net Buyer: 8,526 shares

Net Buy 4 txns

Insider Schrimsher Neil A

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Stock Appreciation Rights F4	10,217	$0.00	$0.00
Grant/Award	Common Stock F1	3,089	$0.00	$0.00
Grant/Award	Common Stock F2	10,313	$0.00	$0.00
Tax Withholding	Common Stock F3	4,876	$352.35	$1.72M

Holdings After Transaction: Stock Appreciation Rights — 10,217 shares (Direct); Common Stock — 136,893 shares (Direct)

Footnotes (4)

1. F1. Restricted stock units that vest three years from the date of grant and are settled in shares of Applied common stock.
2. F2. Performance shares "banked" as a result of 2026 performance. Performance shares vest at end of three-year program and are settled in shares of Applied common stock.
3. F3. Shares withheld by Registrant to satisfy tax withholding obligations on vesting of performance shares.
4. F4. Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.

Key Figures

Stock Appreciation Rights Granted: 10,217 rights at $352.35 per share RSUs Granted: 3,089 units Performance Shares Banked: 10,313 shares +2 more

5 metrics

Stock Appreciation Rights Granted 10,217 rights at $352.35 per share Stock-only stock appreciation rights granted August 11, 2026

RSUs Granted 3,089 units Restricted stock units vesting three years from August 11, 2026

Performance Shares Banked 10,313 shares Performance shares banked as a result of 2026 performance

Shares Withheld for Taxes 4,876 shares at $352.35 per share Shares withheld to satisfy tax withholding on vesting of performance shares

SAR Expiration Date August 11, 2036 Expiration of stock-only stock appreciation rights granted August 11, 2026

Key Terms

Restricted stock units, Performance shares, Stock appreciation rights, tax withholding obligations

4 terms

Restricted stock units financial

"Restricted stock units that vest three years from the date of grant"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance shares financial

"Performance shares "banked" as a result of 2026 performance"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Stock appreciation rights financial

"Stock-only stock appreciation rights which become exercisable in annual increments"

Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.

tax withholding obligations financial

"Shares withheld by Registrant to satisfy tax withholding obligations"

FAQ

What equity awards did AIT CEO Neil Schrimsher receive on August 11, 2026?

On August 11, 2026, Neil Schrimsher received 10,217 stock appreciation rights at $352.35 per share, 3,089 restricted stock units vesting in three years, and 10,313 performance shares banked from 2026 performance, all settled in Applied common stock.

How do Neil Schrimsher’s new AIT stock appreciation rights vest?

The 10,217 stock-only stock appreciation rights granted to Neil Schrimsher vest in 25% annual increments, becoming exercisable starting one year after the August 11, 2026 grant date and continuing annually through 2030, with an exercise price of $352.35.

What are the terms of the restricted stock units granted to AIT’s CEO?

Neil Schrimsher was granted 3,089 restricted stock units that vest three years from the August 11, 2026 grant date and are settled in shares of Applied Industrial Technologies common stock, aligning his compensation with long-term shareholder value.

How are AIT performance shares for Neil Schrimsher structured in this Form 4?

The Form 4 reports 10,313 performance shares “banked” based on 2026 performance. These performance shares vest at the end of a three-year program and are settled in shares of Applied Industrial Technologies common stock upon vesting.

Why were 4,876 AIT shares disposed of in Neil Schrimsher’s Form 4?

The disposition of 4,876 shares of Applied common stock at $352.35 per share reflects shares withheld by the company to satisfy tax withholding obligations arising from the vesting of performance shares, rather than an open-market sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/13/2026 - 04:13 PM Accepted by SEC EDGAR 08/13/2026 - 04:13 PM Learn about SEC filing dates

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 OHIO 44115

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2026

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

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

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

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	08/11/2026		A		3,089(1)	A	$0	131,456	D
Common Stock	08/11/2026		A		10,313(2)	A	$0	141,769	D
Common Stock	08/11/2026		F		4,876(3)	D	$352.35	136,893	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	$352.35	08/11/2026		A		10,217		08/11/2027(4)	08/11/2036	Common Stock	10,217	$0	10,217	D

Explanation of Responses:

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

2. Performance shares "banked" as a result of 2026 performance. Performance shares vest at end of three-year program and are settled in shares of Applied common stock.

3. Shares withheld by Registrant to satisfy tax withholding obligations on vesting of performance shares.

4. 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 Neil A. Schrimsher	08/13/2026
	** 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.
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.
* Form 4: SEC 1474 (03-26)