APPLIED INDUSTRIAL TECHNOLOGIES INC — Director's Dealing 2023

Aug 10, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK: 0000109563
Period of Report: 2023-08-08

Reporting Person: Hoffner Warren E III (VP, General Mgr-Fluid Power)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-08	Common Stock	A	848	—	Acquired	56671	Direct
2023-08-08	Common Stock	A	5507	—	Acquired	62178	Direct
2023-08-08	Common Stock	F	3456	$142.92	Disposed	58722	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-08	Common Stock	$142.92	A	2662	Acquired	2033-08-08	Common Stock (2662.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	442.481	Indirect

Footnotes

F1: Restricted stock units that vest three years from the date of grant and are settled in shares of Applied common stock.

F2: Performance shares "banked" as a result of 2023 performance. Performance shares vest at end of three-year program and are settled in shares of Applied common stock.

F3: Shares withheld by Registrant to satisfy tax withholding obligations on vesting of performance shares.

F4: Stock-only stock appreciation rights which become exercisable in annual increments of 25% commencing one year after the date of grant.