Applied Industrial (AIT) Chief Accounting Officer Richard Wagner Receives Award

What Happened
Richard M. Wagner, Chief Accounting Officer of Applied Industrial Technologies, was granted equity awards on August 11, 2026: 215 restricted stock units (RSUs) and 1,378 derivative awards (stock-only stock appreciation rights). Both grants show an acquisition price of $0.00 (typical for awards/compensation grants). These were awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-08-11. Form 4 filed: 2026-08-13 (appears filed within the typical 2-business-day window).
• Grants: 215 RSUs @ $0.00 (acquired); 1,378 stock-only SARs @ $0.00 (derivative). Total units granted = 1,593.
• Shares owned after transaction: not disclosed in the excerpt (refer to the full Form 4 for holdings).
• Footnotes:
  • F1: RSUs vest four years from the date of grant and are settled in Applied common stock.
  • F2: Stock-only SARs become exercisable in annual increments of 25% beginning one year after the grant date.
• Transaction type: Award/Grant (A). No cash changed hands; this is compensation, not a market buy/sell.

Context
RSUs provide the recipient with shares once they vest (here, over four years). Stock-only SARs give the holder the right to the appreciation in the company’s stock value and, per the footnote, vest/exercise gradually (25% per year starting after one year). Grants like these are routine elements of executive compensation and do not, by themselves, signal a buying or selling decision in the market.