Applied Industrial Technologies Inc AIT:NYSE

Last Price$69.58NYSE Previous Close - Last Trade as of 6:30PM ET 2/14/20

Today's Change0(0.00%)
Bid (Size)N/A (N/A)
Ask (Size)$69.65 (2)
Day Low / HighN/A - N/A
Volume265.4 K

Insider Trends: Applied Industrial Technologies Insider Awarded Shares Portion of Which is Sold for Taxes, Easing 90-Day Buy Trend

10:58AM ET 8/15/2019 MT Newswires
On Aug 13, 2019, Fred D Bauer, VP-General Counsel & Secretary, awarded 5,803 shares in Applied Industrial Technologies (AIT) and sold 2,033 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 3,770 company shares. After the Form 4 filing with the SEC, Bauer controls a total of 97,469 shares of company stock, with 97,449 shares held directly and 20 owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $5.14 million.

During the most recent 90-day period, previous to the date of this filing, there have been 13 insider transactions reported to the SEC for Applied Industrial Technologies. These transactions came from the activities of 9 different insiders that resulted in a net acquisition of 15,716 company shares. This compares with the preceding 90-day window of time where there were 4 transactions from 4 insiders which resulted in the net disposition of 119 shares.

This level of transactions is below that of the peer group average in the 9-company Industrial Machinery & Equipment Wholesale peer group over the last 90-day period. Within the peer group activity averaged 66.3 transactions per company, and disposition of 4,383 shares on average.

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