Applied Industrial Technologies Inc AIT:NYSE

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

Today's Change+0.14(0.17%)
Bid (Size)$0.0014 (1)
Ask (Size)$82.00 (2)
Day Low / High$79.47 - 80.75
Volume53.6 K

Insider Trends: Insider at Applied Industrial Technologies Gets Stock Award Sells Portion for Taxes Scaling Down, 90-Day Buy Trend

3:50PM ET 8/13/2020 MT Newswires
On Aug 11, 2020, Neil A Schrimsher, Director and President & CEO, awarded 23,592 shares in Applied Industrial Technologies (AIT) and sold 10,015 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 13,577 company shares. Schrimsher has control over 185,814 company shares of which 185,400 shares are controlled directly and 414 shares indirectly following the transactions described in the Form 4 SEC filing. These holdings have an approximate market value of $12.6 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 19 insider transactions reported to the SEC for Applied Industrial Technologies. These transactions came from the activities of 8 separate insiders that resulted in a net acquisition of 5,700 company shares. In the preceding 90-day window of time, there were 3 transactions from 3 insiders that resulted in the net acquisition of 4,470 shares.

This is less than the average level of insider transactions in the 9-company Industrial Machinery & Equipment Wholesale peer group over the last 90-day period. Within the peer group activity averaged 88.6 transactions per company, with company insiders acquiring on average 163,428 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/109563/000010956320000079/xslF345X03/wf-form4_159734805926878.xml