Applied Industrial (AIT) VP Jason Vasquez Exercises Options

What Happened
Jason W. Vasquez, VP — Sales & Marketing — USSC at Applied Industrial Technologies (AIT), exercised 7,700 derivative awards on August 18, 2026. The filing shows an exercise price of $53.87 per share (total $414,799). To cover exercise costs and tax withholding, the company withheld 2,774 shares at a reported market price of $354.35 each (value $982,967). After withholding, Vasquez received a net 4,926 shares (7,700 exercised − 2,774 withheld). A related entry shows the derivative awards were converted/disposed in the exercise.

Key Details

• Transaction date: 2026-08-18; Form filed: 2026-08-20.
• Exercise: 7,700 shares at $53.87 (exercise price total $414,799).
• Tax/exercise withholding: 2,774 shares at $354.35/share, value $982,967 (footnote: shares withheld to cover cost of exercising SARs and satisfy tax withholding).
• Net shares delivered to insider: 4,926 shares.
• Shares owned after transaction: not disclosed in the filing.
• Transaction codes: M = exercise/conversion of derivative; F = withholding to cover exercise/taxes.

Context
This was effectively a cashless exercise (shares withheld to cover exercise cost and taxes), a routine insider event that converts derivative awards into company stock rather than an open‑market buy or sell. Such exercises are administrative and do not necessarily signal a change in the insider’s view of the company.