The estimated Net Worth of Warren E Iii Hoffner is at least $13.8 millió dollars as of 30 August 2024. Mr. Hoffner owns over 2,325 units of Applied Industrial Technologies stock worth over $12,073,259 and over the last 9 years he sold AIT stock worth over $690,680. In addition, he makes $1,000,080 as Vice President és General Manager - Fluid Power and Flow Control at Applied Industrial Technologies.
Warren has made over 13 trades of the Applied Industrial Technologies stock since 2018, according to the Form 4 filled with the SEC. Most recently he exercised 2,325 units of AIT stock worth $177,328 on 30 August 2024.
The largest trade he's ever made was exercising 19,300 units of Applied Industrial Technologies stock on 20 November 2020 worth over $776,053. On average, Warren trades about 3,238 units every 71 days since 2015. As of 30 August 2024 he still owns at least 61,149 units of Applied Industrial Technologies stock.
You can see the complete history of Mr. Hoffner stock trades at the bottom of the page.
Warren E. Hoffner serves as Vice President, General Manager - Fluid Power and Flow Control of the Company. Mr. Hoffner joined Applied in 1996 when we acquired a distribution business owned by him and his father. Two related party lease arrangements have survived from the acquisition and been renewed from time to time: (1) we lease a building from a company owned 50% by Mr. Hoffner’s father (who retired at the time of the acquisition) at a current rental rate of $154,176 per year, with a term expiring in 2019; and (2) we lease a second building from Mr. Hoffner’s father at a current rental rate of $127,879 per year, with a term expiring in 2019. Applied management, using a third-party broker, negotiates the rental rates and other lease terms and we consider them to be market competitive. Following a review, the Corporate Governance Committee ratified the lease transactions.
As the Vice President és General Manager - Fluid Power and Flow Control of Applied Industrial Technologies, the total compensation of Warren Hoffner at Applied Industrial Technologies is $1,000,080. There are 5 executives at Applied Industrial Technologies getting paid more, with Neil Schrimsher having the highest compensation of $4,707,800.
Warren Hoffner is 60, he's been the Vice President és General Manager - Fluid Power and Flow Control of Applied Industrial Technologies since 2015. There are 4 older and 12 younger executives at Applied Industrial Technologies. The oldest executive at Applied Industrial Technologies Inc. is Dan Komnenovich, 68, who is the Independent Director.
Warren'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 és 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: