Applied Industrial Technologies Inc AIT:NYSE

Last Price$80.52NYSE Previous Close - Last Trade as of 5:00PM ET 11/27/20

Today's Change0(0.00%)
Bid (Size)$0.0014 (1)
Ask (Size)$82.00 (2)
Day Low / HighN/A - N/A
Volume53.6 K

Insider Trends: Insider at Applied Industrial Technologies Tax Sale Continues 90-Day Selling Trend

4:56PM ET 8/12/2020 MT Newswires
Neil A Schrimsher, Director and President & CEO, executed a sale of 2,975 shares of Applied Industrial Technologies (AIT) on Aug 10, 2020, for approximately $205,424 to satisfy tax obligations. Schrimsher, subsequent to the transactions described in the SEC Form 4 filing, has control over 172,237 shares of the company of which 171,823 shares are held directly and 414 shares are controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $11.9 million.

During the most recent 90-day period, previous to the date of this filing, there have been 7 insider transactions reported to the SEC for Applied Industrial Technologies. These transactions came from the activities of 4 different insiders that resulted in a net disposition of 504 company shares. Relative to the preceding 90-day window of time, there were 3 transactions from 3 insiders and resulted in the net acquisition of 4,470 shares.

This is a lower level of transactions than 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 87.2 transactions per company, with company insiders acquiring on average 163,154 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/109563/000010956320000061/xslF345X03/wf-form4_159726565950666.xml