Raver Joe Anthony 4
Research Summary
AI-generated summary
Applied Industrial (AIT) Director Joe Raver Receives 572-Share Award
What Happened
- Joe Anthony Raver, a director of Applied Industrial Technologies, was granted 572 restricted shares on 2026-01-20. The Form 4 reports an acquisition (code A) at $0.00 per share (total value shown as $0 on the filing), reflecting a stock award rather than an open‑market purchase.
Key Details
- Transaction date and price: 2026-01-20; 572 shares; $0.00 per share (award/grant).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: These are restricted shares granted under the 2023 Long‑Term Performance Plan that vest one year from the grant date.
- Timeliness: Reported on 2026-01-21 for a 2026-01-20 transaction — appears timely (no late filing noted).
Context
- This was a compensation grant (restricted stock) not an open‑market trade; such awards are common for directors and reflect compensation rather than a directional buy/sell signal. The shares will remain subject to vesting conditions for one year per the footnote.