The estimated Net Worth of Neil A Schrimsher is at least $74.7 Million dollars as of 21 August 2024. Mr. Schrimsher owns over 21,422 units of Applied Industrial Technologies stock worth over $36,385,428 and over the last 13 years he sold AIT stock worth over $33,563,960. In addition, he makes $4,707,800 as President, Chief Executive Officer, and Director at Applied Industrial Technologies.
Neil has made over 18 trades of the Applied Industrial Technologies stock since 2020, according to the Form 4 filled with the SEC. Most recently he sold 21,422 units of AIT stock worth $4,335,170 on 21 August 2024.
The largest trade he's ever made was exercising 97,925 units of Applied Industrial Technologies stock on 20 February 2023 worth over $5,330,058. On average, Neil trades about 12,137 units every 30 days since 2011. As of 21 August 2024 he still owns at least 184,286 units of Applied Industrial Technologies stock.
You can see the complete history of Mr. Schrimsher stock trades at the bottom of the page.
Neil A. Schrimsher serves as President, Chief Executive Officer, Director of the Company. Mr. Schrimsher joined Applied as our Chief Executive Officer in 2011 and was also elected President in 2013. Before joining Applied, Mr. Schrimsher was Executive Vice President of Cooper Industries plc (formerly NYSE: CBE), a global electrical products manufacturer, where he led Cooper’s Electrical Products Group and headed numerous domestic and international growth initiatives. As the only Applied executive to serve on the Board, Mr. Schrimsher contributes a deep understanding of the company’s businesses, markets, and competitive landscape. From his prior employment, Mr. Schrimsher brought to Applied and its Board broad leadership experience, including management of worldwide operations, distribution management, strategic planning and analysis, manufacturing, engineering, supply chain management, and sourcing.
As the President, Chief Executive Officer, and Director of Applied Industrial Technologies, the total compensation of Neil Schrimsher at Applied Industrial Technologies is $4,707,800. There are no executives at Applied Industrial Technologies getting paid more.
Neil Schrimsher is 56, he's been the President, Chief Executive Officer, and Director of Applied Industrial Technologies since 2013. There are 11 older and 7 younger executives at Applied Industrial Technologies. The oldest executive at Applied Industrial Technologies Inc. is Dan Komnenovich, 68, who is the Independent Director.
Neil's mailing address filed with the SEC is ONE APPLIED PLAZA, , CLEVELAND, OH, 44115.
Over the last 21 years, insiders at Applied Industrial Technologies have traded over $105,268,487 worth of Applied Industrial Technologies stock and bought 26,985 units worth $1,148,413 . The most active insiders traders include David L Pugh, Richard J Simoncic, and Neil A Schrimsher. On average, Applied Industrial Technologies executives and independent directors trade stock every 17 days with the average trade being worth of $2,587,451. The most recent stock trade was executed by Warren E Iii Hoffner on 30 August 2024, trading 2,325 units of AIT stock currently worth $177,328.
with fiscal 2014 sales of $2.5 billion, applied industrial technologies (nyse: ait) is a leading industrial distributor that offers more than five million parts to serve the needs of mro and oem customers in virtually every industry. in addition, applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. applied also offers maintenance training and inventory management solutions that provide added value to its customers. the applied network encompasses more than 560 operating facilities and nine distribution centers. to learn more, visit www.applied.com.
Applied Industrial Technologies executives and other stock owners filed with the SEC include: