In 2022, Neil A. Schrimsher earned $2.60M in total compensation at Applied Industrial Technologies, including $950.00K salary and $1.65M bonus. Most recently sold 21,422 shares in Aug 2024. Currently holds stock worth $38.62M. Led Applied Industrial Technologies as CEO for 11 years.
Compensation History
Annual executive compensation data for Neil A. Schrimsher, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$2.60M
Salary
$950.00K
Bonus
$1.65M
Other
$0.00
Salary
$950.00KBoard Justification
The compensation philosophy aims to attract and retain qualified executives by providing competitive compensation that aligns with performance and shareholder interests.
Bonus
$1.65MBoard Justification
The Management Incentive Plan payout for 2023 was based on performance metrics including net income and average working capital as a percentage of sales, with an average payout of 156% of target values.
Other Compensation
$0.00Board Justification
No additional compensation was reported outside of salary and bonus for 2022.
Restricted Stock
Board Justification
No stock was vested in 2022 as the focus was on performance shares and other long-term incentives that are tied to future performance.
Performance Metrics
The performance metrics for 2022 included net income and average working capital as a percentage of sales.
Neil A. Schrimsher
Ex-CEO of Applied Industrial Technologies
Education
Bachelor's Degree in Business Administration
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
March 15, 1954 - 71 years ago
CEO of Applied Industrial Technologies for
11 years 8 months (Oct 2011 - Jun 2023)
Previous Experience
Executive Vice President of Cooper Industries plc
Other Applied Industrial Technologies CEOs
Holdings
Track Neil A. Schrimsher's stock holdings and portfolio value over time.
Total Stock Sold
$36.11M
$36.11M
230,394 AIT shares
What if they kept their stock?
If Neil A. Schrimsher didn't sell their stock, today they would have:
Extra AIT230,394 shares worth $59.42M.
This is 64.55% and $23.31M more than what they got when they sold the stock.
Insider Trading
Neil A. Schrimsher's recent stock transactions, purchases, and sales filed with the SEC.
$4.34M
AIT at $202.37/share
Aug 21, 2024
Sale
$748.89K
AIT at $202.24/share
Aug 19, 2024
Sale
32,122 shares
AIT
Aug 13, 2024
Received
$15.91M
AIT at $169.72/share
Dec 14, 2023
Sale
$1.52M
AIT at $154.16/share
Aug 25, 2023
Sale
$4.63M
AIT at $153.91/share
Aug 14, 2023
Sale
51,546 shares
AIT
Aug 8, 2023
Received
$215.16K
AIT at $130.01/share
May 22, 2023
Sale
Rivals
Compare Neil A. Schrimsher with competitor CEOs and industry peers.
Vicente Reynal
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$0.00
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Bonus
$3.43M
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Salary
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Bonus
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2023 Compensation
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$0.00
Salary
$985.00K
Bonus
$1.30M
Other
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Total Holdings
$110.45K
Eric D. Ashleman
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2023 Compensation
Stock
$0.00
Salary
$1.00M
Bonus
$828.00K
Other
$320.21K
Total Holdings
$6.17M
Sundaram Nagarajan
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2023 Compensation
Stock
$0.00
Salary
$975.00K
Bonus
$331.01K
Other
$109.22K
Total Holdings
$11.11M