Hoffner Warren E III 4
Research Summary
AI-generated summary
Applied Industrial (AIT) VP Warren E. Hoffner III Sells 4,000 Shares
What Happened
Warren E. Hoffner III, Vice President and General Manager – Fluid Power at Applied Industrial Technologies (AIT), sold 4,000 shares in an open-market transaction on February 5, 2026. The reported weighted-average sale price was $288.62 per share, for total proceeds of $1,154,480. This was a sale (not a purchase or option exercise), which insiders often execute for routine reasons such as diversification or liquidity.
Key Details
- Transaction date: 2026-02-05 (reported on Form 4 filed 2026-02-06).
- Price: $288.62 per share (weighted average); shares transacted at prices ranging $288.3595–$288.70 per footnote.
- Shares sold: 4,000; Total proceeds: $1,154,480.
- Post-transaction holdings: Not disclosed in the filing.
- Footnote: Weighted average price reflects multiple trades at slightly different prices.
- Filing timeliness: Filed the next day (appears timely; no late filing flag indicated).
Context
This transaction was a straight open-market sale of common stock (code S). Sales by executives are common and do not by themselves indicate company performance or insider sentiment. No options exercise, award, gift, or 10% owner transaction was reported in this filing.