Applied Industrial Technologies Inc AIT:NYSE

Last Price$67.11Cboe Closing Price as of 4:00PM ET 2/21/20
Cboe Real-Time Quotes
Today's Change-0.56(0.83%)
Bid (Size)$67.10 (3)
Ask (Size)$67.11 (3)
Day Low / High$66.79 - 67.74
Volume134.5 K

Insider Trends: Applied Industrial Technologies Insider Receives Stock Award Sells Portion for Taxes, Slowing 90-Day Buy Trend

10:58AM ET 8/15/2019 MT Newswires
On Aug 13, 2019, Neil A Schrimsher, Director and President & CEO, awarded 34,319 shares in Applied Industrial Technologies (AIT) and sold 14,369 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 19,950 company shares. After the Form 4 filing with the SEC, Schrimsher has control over 171,003 shares of company stock of which 170,598 shares are held directly and 405 are controlled indirectly. These holdings have an approximate market value of $9.02 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 11 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 disposition of 4,234 company shares. In the preceding 90-day window of time, there were 4 transactions from 4 insiders and 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. Peer group activity averaged 66.1 transactions per company, and disposition of 4,629 shares on average.

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