Applied Industrial (AIT) CEO Neil Schrimsher Withholds 2,161 Shares for Taxes

What Happened
Neil A. Schrimsher, President & CEO and a director of Applied Industrial Technologies, had 2,161 shares withheld by the company to satisfy tax withholding obligations related to the vesting of restricted stock units. The withholding was recorded on 2026-08-08 at $359.90 per share, a total value of $777,744. This is an administrative tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date and price: 2026-08-08 at $359.90 per share.
• Shares withheld/disposed: 2,161 shares; total value reported $777,744.
• Post-transaction shares owned: Not specified in this Form 4 filing.
• Footnote: Shares were withheld by the registrant to satisfy tax withholding obligations on vesting of restricted stock units (tax withholding code F).
• Filing timeliness: No late filing indicated in this report.

Context
Withholding shares to cover taxes on vested RSUs is a routine, administrative action and differs from an open-market sale by the insider. The transaction code F indicates shares were surrendered/withheld to satisfy tax obligations rather than sold for investment reasons.