Applied Industrial (AIT) CFO David Wells Withholds 573 Shares for Taxes

What Happened

• David K. Wells, Vice President — CFO & Treasurer of Applied Industrial Technologies (AIT), had 573 shares withheld on August 8, 2026 to satisfy tax-withholding obligations tied to the vesting of restricted stock units. The withholding was executed at a price of $359.90 per share, for a total value of approximately $206,223. This was not an open-market sale or purchase by the insider but a routine tax-withholding disposition.

Key Details

• Transaction date and price: 2026-08-08 at $359.90 per share
• Shares withheld/disposed: 573 shares
• Total value of shares withheld: ~$206,223
• Footnote: F1 — Shares were withheld by the registrant to satisfy tax withholding on vesting of restricted stock units (i.e., cashless tax withholding)
• Shares owned after transaction: not specified in this filing
• Filing date: Form 4 filed 2026-08-11 (no late-timeliness flag noted in the filing)

Context

• This is a routine tax-withholding event tied to RSU vesting, not a market sale or a purchase that signals a change in the insider’s cash exposure. Such withholdings are common and typically do not indicate the insider’s market view.