Wallace Peter C 4

What Happened
Peter C. Wallace, a director of Applied Industrial Technologies, had a distribution from a deferred compensation plan that resulted in both an acquisition and a disposition of 584 shares. Each leg was reported at $327.39 per share, valued at $191,196 for the acquisition and $191,196 for the disposition. These were reported as "Other acquisition or disposition (Code J)" and reflect a distribution from the company's Deferred Compensation Plan for Non-Employee Directors, not an open-market buy.

Key Details

• Transaction date: 2026-07-12; filing date: 2026-07-13 (timely filing).
• Two Code J entries: 584 shares acquired at $327.39 ($191,196) and 584 shares disposed at $327.39 ($191,196).
• Shares owned after transaction: Not reported on this Form 4.
• Footnote: "Represents distribution from Deferred Compensation Plan for Non-Employee Directors to reporting person." (F1)
• No indication of a 10b5-1 plan or option exercise in this filing.

Context
A Code J distribution from a deferred compensation plan typically reflects internal plan movements or distributions to a director rather than a directional bet on the stock. Because the filing shows both acquisition and disposition of the same number of shares at the same price, this appears to be an administrative distribution/transfer tied to the director compensation plan — not a straightforward open-market purchase or a voluntary sale for investment purposes.