Applied Industrial (AIT) VP Jason Vasquez Receives Awards; Tax Withholding

What Happened Jason W. Vasquez, VP — Sales & Marketing, USSC at Applied Industrial Technologies (AIT), received equity awards on Aug 11, 2026 totaling 2,643 shares (375 RSUs + 1,028 performance shares + 1,240 derivative awards). Those awards were granted at $0 per share (compensation awards). On the same date, 341 shares were disposed/withheld to satisfy tax withholding obligations at $352.35 per share, totaling $120,151.

Key Details

• Transaction date: 2026-08-11 (Form filed 2026-08-13).
• Grants (code A): 375 RSUs; 1,028 performance shares; 1,240 derivative award units — all acquired at $0 (awards/compensation).
• Tax withholding (code F): 341 shares withheld/disposed at $352.35 each = $120,151.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: RSUs vest in three years and settle in common stock.
  • F2: Performance shares “banked” for 2026; vest at end of a three-year program and settle in shares.
  • F3: Shares were withheld by the company to satisfy tax withholding on vesting of performance shares.
  • F4: Derivative awards are stock-only stock appreciation rights (SARs) that vest/exercise in annual increments.
• Filing timeliness: Filed two days after the report date (appears timely, not marked late).

Context These transactions are awards/compensation (not open-market purchases) — awards are granted at $0 and typically reflect long-term incentive compensation. The 341-share disposition was a routine tax-withholding event to cover tax liabilities on vested/awarded shares, not a market sale signaling a view on the stock. The derivative award referenced is SAR-based and will have its own vesting/exercise schedule per the footnote.