PETRELLA VINCENT K 4
Research Summary
AI-generated summary
Applied Industrial (AIT) Director Vincent K. Petrella Receives 572-Share Award
What Happened
Vincent K. Petrella, a director of Applied Industrial Technologies, was granted 572 shares of restricted stock on January 20, 2026. The shares were awarded at $0.00 per share (total value reported as $0 on Form 4) as part of a long‑term incentive award rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-01-20; reported on Form 4 filed 2026-01-21 (timely filing).
- Transaction type/code: Award/Grant (code A). Price per share: $0.00.
- Shares granted: 572 restricted shares. Total reported acquisition value: $0.
- Shares owned after transaction: Not specified in this filing.
- Footnote: These are restricted shares granted under the 2023 Long‑Term Performance Plan that vest one year from the grant date (see footnote F1).
Context
This was a compensation award (restricted stock) that vests after one year and is common for executives/directors; it is not a purchase or sale and does not by itself signal buying or selling intent. Restrictions or forfeiture conditions can apply until vesting.