Applied Industrial Technologies Inc AIT:NYSE

Last Price$80.52NYSE Previous Close - Last Trade as of 5:00PM ET 11/27/20
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Volume53.6 K

Insider Trends: Insider at Applied Industrial Technologies Converts/Exercises Derivative Security, Sells for Taxes and Self, Buying Trend Remains Intact

5:29PM ET 8/24/2020 MT Newswires
On Aug 20, 2020, Director, Peter A Dorsman, exercised options/derivative securities for 5,468 shares. A portion of these optioned shares (1,790 shares) were sold for tax obligations and an additional 11,998 shares were sold for $725,747. Dorsman, subsequent to the transactions detailed in the SEC Form 4 filing, has control over 44,116 shares of company stock of which 5,559 shares are held directly and 38,557 shares are controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $2,641,225.

Over the last 90 days, previous to the date of this filing, there have been 23 insider transactions reported to the SEC for Applied Industrial Technologies. These transactions came from the activities of 8 different insiders that resulted in a net acquisition of 21,620 company shares. Relative to 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. Peer group activity averaged 89.7 transactions per company, with company insiders acquiring on average 164,617 shares.

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