Wallace Peter C 4

What Happened Peter C. Wallace, a director of Applied Industrial Technologies, received a grant of 688 restricted shares on January 20, 2026. The grant is reported as an acquisition (Code A) at $0.00 per share (total reported value $0). This was an award of restricted stock rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-20; reported on Form 4 filed 2026-01-21 (no late filing indicated).
• Amount: 688 restricted shares; price reported $0.00 per share (total $0).
• Shares owned after transaction: not specified in the filing.
• Footnote: Granted under the 2023 Long‑Term Performance Plan; shares vest one year from the grant date (subject to plan terms).

Context This was a restricted stock award subject to a one‑year vesting period, not an immediate purchase or sale. Restricted awards are common compensation for directors and typically cannot be sold until vesting conditions are met; they therefore do not necessarily signal near‑term trading intent.