Wallace Peter C 4

What Happened

• Director Peter C. Wallace received an award of 5.865 shares of Applied Industrial Technologies Inc. (AIT) on March 31, 2026. The grant is reported at an acquisition price of $282.58 per share, for a total value of approximately $1,657. This was an award/grant (transaction code A), an acquisition of shares rather than a market purchase.

Key Details

• Transaction date: 2026-03-31; reported filing date: 2026-04-01 (filed promptly, within the standard Form 4 reporting window).
• Share price used: $282.58; shares awarded: 5.865; total value ≈ $1,657.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Transaction code: A = Award/Grant. No footnotes (e.g., 10b5-1, tax withholding, or cashless sale) were indicated in the summary provided.

Context

• Awards are typically part of director compensation plans (restricted stock, deferred share units, or similar) and do not necessarily signal buying or selling intent by the insider. The award value here is small relative to typical institutional trading, so it’s unlikely to materially affect market perception by itself.