Applied Industrial (AIT) CFO David Wells Receives Awards; 887 Shares Withheld

What Happened

• David K. Wells, Vice President — CFO & Treasurer of Applied Industrial Technologies (AIT), received several equity awards on 2026-08-11 and had 887 shares withheld to cover tax obligations.
• Details: grants of 651 shares (RSUs) and 1,870 performance shares were recorded as acquisitions at $0.00; a derivative award of 2,153 shares (stock-only SARs) was also granted at $0.00. Separately, 887 shares were disposed/withheld at $352.35 per share to satisfy tax withholding, totaling $312,534.

Key Details

• Transaction date: 2026-08-11; Form 4 filed 2026-08-13 (reported two days after the transaction date).
• Grants: 651 RSUs @ $0.00; 1,870 performance shares @ $0.00; 2,153 derivative (stock-only SARs) @ $0.00.
• Tax withholding/disposition: 887 shares withheld/disposed @ $352.35 = $312,534.
• Shares owned after the transaction: not specified in the excerpt provided.
• Transaction codes: A = Award/Grant; F = Tax withholding (shares withheld to satisfy tax obligations).
• Footnotes: F1 = RSUs vest in three years and settle in common stock; F2 = performance shares “banked” for 2026, vest at end of three-year program and settle in stock; F3 = shares withheld to satisfy tax withholding on vesting of performance shares; F4 = stock-only SARs exercisable in 25% annual increments beginning one year after grant.

Context

• The grants are awards (not open-market purchases) and generally vest over time, so they do not represent an immediate cash purchase signal. The 887-share disposition reflects withholding to cover taxes on vesting, a routine administrative action that reduces the net shares the insider receives. The SARs are derivative awards that will vest/exercise on a schedule (25% per year beginning one year after grant).