Applied Industrial Technologies Inc AIT:NYSE

Last Price$54.74NYSE Closing Price as of 4:10PM ET 9/20/19
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change-0.12(0.22%)
Bid (Size)$54.66 (5)
Ask (Size)$54.78 (1)
Day Low / High$54.21 - 55.31
Volume685.0 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.

SEC Story Link http://www.sec.gov/Archives/edgar/data/109563/000010956319000090/xslF345X03/wf-form4_156588099782414.xml