Peter C Wallace, Director at Applied Industrial Techs (NYSE:AIT), reported a large exercise of company stock options on November 27, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Wallace, Director at Applied Industrial Techs, a company in the Industrials sector, just exercised stock options worth 1,130 shares of AIT stock with an exercise price of $40.65.
Applied Industrial Techs shares are trading down 0.0% at $163.65 at the time of this writing on Tuesday morning. Since the current price is $163.65, this makes Wallace's 1,130 shares worth $184,924.
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