Neil A. Schrimsher
Net Worth
Last updated:
What is Neil A. Schrimsher net worth?
The estimated net worth of Mr. Neil A. Schrimsher is at least $95,533,747 as of 21 Aug 2024. He owns shares worth $48,319,789 as insider, has earned $33,563,958 from insider trading and has received compensation worth at least $13,650,000 in Applied Industrial Technologies, Inc..
What is the salary of Neil A. Schrimsher?
Mr. Neil A. Schrimsher salary is $2,730,000 per year as Pres, Chief Executive Officer & Director in Applied Industrial Technologies, Inc..
How old is Neil A. Schrimsher?
Mr. Neil A. Schrimsher is 61 years old, born in 1964.
What stocks does Neil A. Schrimsher currently own?
As insider, Mr. Neil A. Schrimsher owns shares in one company:
| Company | Title | Shares | Price per share | Total value |
|---|---|---|---|---|
| Applied Industrial Technologies, Inc. (AIT) | Pres, Chief Executive Officer & Director | 184,286 | $262.2 | $48,319,789 |
What does Applied Industrial Technologies, Inc. do?
Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates through two segments, Service Center Based Distribution, and Fluid Power & Flow Control. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment. It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies. In addition, the company provides equipment repair and technical support services. It distributes industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as government entities. The company was formerly known as Bearings, Inc. and changed its to name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.
Neil A. Schrimsher insider trading
Applied Industrial Technologies, Inc.
Mr. Neil A. Schrimsher has made 14 insider trades between 2020-2024, 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 Aug 2024.
The largest trade he's ever made was exercising 93,750 units of AIT stock on 14 Dec 2023. As of 21 Aug 2024 he still owns at least 184,286 units of AIT stock.
Applied Industrial Technologies key executives
Applied Industrial Technologies, Inc. executives and other stock owners filed with the SEC:
- Mr. David K. Wells (63) Vice President, Chief Financial Officer & Treasurer
- Mr. Fred D. Bauer (59) Vice President, Gen. Counsel & Sec.
- Mr. Kurt W. Loring (56) Vice President & Chief Human Resource Officer
- Mr. Neil A. Schrimsher (61) Pres, Chief Executive Officer & Director