Applied Industrial Technologies Inc.

06/16/2026 | Press release | Distributed by Public on 06/16/2026 09:35

Annual Report of Employee Stock Purchase/Savings Plan (Form 11-K)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________________
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
_________________________________
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2025.
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______ to ______.
Commission file number 1-2299
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
Applied Industrial Technologies, Inc.
Retirement Savings Plan
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Applied Industrial Technologies, Inc.
One Applied Plaza
Cleveland, Ohio 44115-5056
Financial Statements and Exhibit(s) (enclosed)
(a) Financial Statements
Report of Independent Registered Public Accounting Firm
Statements of Net Assets Available for Benefits
As of December 31, 2025 and 2024
Statement of Changes in Net Assets Available for Benefits
For the Year Ended December 31, 2025
Notes to Financial Statements
Supplemental Schedule
(b) Exhibit(s)
23 Consent of Independent Registered Public Accounting Firm
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan has duly caused this annual report to be signed on its behalf by the undersigned, hereunto duly authorized.
APPLIED INDUSTRIAL TECHNOLOGIES,
INC. RETIREMENT SAVINGS PLAN
By: Applied Industrial Technologies, Inc., as Plan Administrator
By: /s/ Kurt W. Loring
Kurt W. Loring
Vice President-Chief Human Resources Officer
Date: June 16, 2026
APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN
Report of Independent Registered Public Accounting Firm
Financial Statements
As of December 31, 2025 and 2024
Supplemental Schedule
As of December 31, 2025
APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN
TABLE OF CONTENTS
Page
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
1
FINANCIAL STATEMENTS:
Statements of Net Assets Available for Benefits
As of December 31, 2025 and 2024
2
Statement of Changes in Net Assets Available for Benefits
For the Year Ended December 31, 2025
3
Notes to Financial Statements
4
SUPPLEMENTAL SCHEDULE:
Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year)
December 31, 2025
9
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Plan Administrator and Plan Participants
Applied Industrial Technologies, Inc. Retirement Savings Plan
Cleveland, Ohio
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of Applied Industrial Technologies, Inc. Retirement Savings Plan (the "Plan") as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Information
The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.
We have served as the Plan's auditor since 2024.
/s/ BOBER, MARKEY, FEDOROVICH & COMPANY
Akron, Ohio
Date: June 16, 2026
1
APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 2025 AND 2024
2025 2024
Assets:
Investments at fair value $ 926,877,867 $ 848,339,428
Participant notes receivable 9,029,950 8,547,871
Cash 1,029 5,430,418
Net assets available for benefits $ 935,908,846 $ 862,317,717
See notes to financial statements.
2
APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2025
2025
Additions to net assets attributed to:
Contributions:
Participants $ 35,399,251
Participants' rollovers 11,369,104
Employer 10,151,075
Total contributions 56,919,430
Investment Income:
Interest, Dividends, and Other 15,006,667
Net realized and unrealized gains in fair value of investments 101,262,539
Total investment gain 116,269,206
Interest on participant notes receivable 714,789
Total additions 173,903,425
Deductions from net assets attributed to:
Distributions to participants (99,989,977)
Administrative expenses (322,319)
Total deductions (100,312,296)
Net increase in net assets 73,591,129
Net assets available for benefits:
Beginning of year
862,317,717
End of year
$ 935,908,846
See notes to financial statements.
3
APPLIED INDUSTRIAL TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. DESCRIPTION OF THE PLAN
The following description of the Applied Industrial Technologies, Inc. Retirement Savings Plan (the "Plan") is provided for general purposes only. Participants and users of the financial statements should refer to the Plan document for more complete information.
General - The Plan was established for the purpose of encouraging and assisting eligible U.S.-based employees of Applied Industrial Technologies, Inc. and its subsidiaries (the "Company") to provide long-term, tax-deferred savings for retirement. The Plan is subject to reporting and disclosure requirements, minimum participation and vesting standards, and fiduciary responsibility requirements of the Employee Retirement Income Security Act of 1974 ("ERISA"), as amended.
Administration - On January 1, 2025, the record keeper and trustee for the assets of the Plan switched
from Principal Trust Company ("Principal") to Charles Schwab Trust Bank ("Schwab"). The Plan is
administered by the Company. The Company's powers and duties relate to making participant and
employer contributions to the Plan, establishing investment options, authorizing disbursements from the
Plan, and resolving any questions of Plan interpretation.
Participant Accounts - Each participant's account is credited with the participant's contributions and allocations of (a) the Company's contributions and (b) Plan earnings (losses), and (c) administrative expenses. Allocated expenses are based on participant contributions, account balances, or can be per capita, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested portion of their account.
Participation and Contributions - All eligible employees may participate in the Plan upon their hire with the Company. Eligible employees may elect to make pre-tax or after-tax contributions to the Plan ranging from 1% to 50% of compensation, subject to limitations under the Internal Revenue Code ("IRC"). Highly compensated employees are restricted to maximum contributions of 15% of compensation. All newly eligible employees are automatically enrolled into the Plan with an initial contribution rate of 4% after 30 days of employment if they have not already made an affirmative election to contribute to the Plan or have not made an election to opt out of contributing.
The Company may make additional discretionary matching contributions limited to 50% of the aggregate participant pre-tax and after-tax contributions up to 6% of the participant's eligible compensation for that period. Employer matching contributions are paid each pay period and the participant must be employed during the period to receive the match. The employer matching contribution was suspended in July 2024 but reinstated during the first quarter of 2025.
The Plan permits catch-up contributions for participants who are age 50 or older and defer the maximum amount allowed under the Plan.
The Plan provides for rollover contributions (amounts distributed to participants from certain other tax-qualified plans) and transfer contributions (amounts transferred from certain other tax-qualified plans) by or on behalf of an employee in accordance with procedures established by the Company.
4
APPLIED INDUSTRIAL TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Investment of Contributions - The Plan provides that, in accordance with the investment objectives established by the Company, the trustee of the Plan shall hold, invest, reinvest, manage and administer all assets of the Plan as a trust fund for the exclusive benefit of participants and their beneficiaries. Participants elect investment of matching and pre-tax contributions in 1% increments to any of several investment funds or options. The portion of the Plan that is invested in the Applied Industrial Technologies, Inc. Stock Fund is intended to be an Employee Stock Ownership Plan ("ESOP") under IRC Section 4975 (e)(7) and ERISA Section 407 (d)(6).
Participants may elect to change their investment elections as to future contributions and may also elect to reallocate a portion or all of their account balances among the investment choices in increments of 1% of the total amount to be reallocated. All such elections are filed with the trustee of the Plan and become effective daily.
Vesting and Distributions - Each participant is immediately and fully vested in their participant contributions and earnings thereon. Participants vest in employer contributions at a rate of 25% for each year of eligible service, becoming completely vested after four years, or at death, termination of employment due to physical or mental disability (determined by the Company upon the basis of a written certificate of a physician selected by it), or normal retirement as defined in the Plan.
Upon termination of employment, participants may receive lump-sum or installment distributions of their vested account balances as soon as administratively possible. Distributions are made in the form of cash. The Plan permits hardship withdrawals, if the hardship criteria are met, or in-service distributions at age 59 1/2. Hardship withdrawals and in-service distributions can be taken from participant rollovers, salary deferrals, and catch-up contributions.
Forfeitures - Forfeitures of non-vested amounts are used to first reduce future matching employer contributions and second, to pay eligible plan expenses. The Company used approximately $32,000 from the forfeitures to offset contributions and pay plan expenses for the year ended December 31, 2025. The balance in the forfeiture account was approximately $400,000 and $165,000 as of December 31, 2025 and 2024, respectively.
Participant Notes Receivable - Participants may borrow (from their pre-tax contributions, rollover contributions and transferred contributions) a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of the aggregate sum of the participant's accounts. Participant notes receivable terms generally range from 1-5 years or up to 10 years if used for the purchase of a primary residence. Participant notes receivable that originated from merged plans are also reflected in participant notes receivable in the Plan's financial statements; these participant notes receivable are to be repaid to the Plan in accordance with their original terms. Participant notes receivable are collateralized by the balance in the participant's accounts and bear interest at market rates prevailing at the time the participant note receivable originated. Principal and interest are paid ratably through bi-weekly payroll deductions. Funds cannot be borrowed from Company contributions.
Plan Termination - The Plan was adopted with the expectation that it will continue indefinitely. The Company may, however, terminate the Plan at any time and may amend the Plan from time to time. In the event of termination of the Plan, all participants will immediately become fully vested in their accounts.
Tax Status of the Plan - The Plan obtained its latest determination letter dated July 12, 2017, in which the Internal Revenue Service stated that the Plan, as then designed, was in compliance with the applicable requirements of the IRC. Although the Plan has been amended since receiving this determination letter, the Plan administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC. The Plan Administrator regularly
5
APPLIED INDUSTRIAL TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
works with ERISA Counsel to ensure the Plan's operations remain in compliance. Therefore, no provision for income taxes has been included in the Plan's financial statements. The Plan is no longer subject to income tax examinations for the years prior to 2022.
Party-in-interest Transactions - The Plan invests in shares of the Company's common stock. The Company is the Plan sponsor; therefore, these transactions qualify as party-in-interest transactions as defined under ERISA guidelines. For the year ended December 31, 2025, transactions involving the Company's stock included sales of approximately $28,100,000 and purchases of approximately $11,600,000.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of the significant accounting policies followed in the preparation of the Plan's financial statements.
Basis of Accounting - The accompanying financial statements have been prepared on the accrual basis of accounting.
Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
Valuation of Investments - Investments are recorded at fair value on the Statements of Net Assets Available for Benefits. Purchases and sales of securities are recorded on a trade-date basis. The Common/Collective trust funds are valued at net asset value per share (or its equivalent) of the funds, which is based on the fair value of the fund's underlying net assets. There were no unfunded commitments or significant redemption restrictions on the Common/Collective trust funds. The investment in the Company's common stock is valued using the year-end closing price listed by the New York Stock Exchange. Mutual funds are stated at values using quoted market prices for each of the funds. See Note 3, "Fair Value Measurements" for additional disclosures relative to the fair value of the investments held in the Plan.
Participant Notes Receivable - Participant notes receivable are recorded at their unpaid principal balances plus any accrued interest. Participant notes receivable are written off when considered uncollectible.
Benefit Payments - Distributions to participants are recorded by the Plan when payments are made.
Administrative Expenses - Administrative expenses of the Plan are paid by the Plan, unless otherwise paid by the Company.
Risks and Uncertainties - In general, investment securities are exposed to various risks, such as interest rate, credit and overall market volatility risks. Due to the level of risk associated with investment securities, it is reasonably possible that changes in the values of investment securities could occur in the near term, and such changes could materially affect the amounts reported in the financial statements.
3. FAIR VALUE MEASUREMENTS
Accounting standards require certain assets and liabilities be reported at fair value in the financial statements and provide a framework for establishing that fair value. The framework for determining fair
6
APPLIED INDUSTRIAL TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
value is based on a hierarchy that prioritizes the inputs and valuation techniques used to measure fair value.
The fair value of financial instruments is estimated using available market information and generally accepted valuation methodologies. Fair value is defined as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The inputs used to measure fair value are classified into three tiers. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.
In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Plan's assessment of the significance of particular inputs to these fair value measurements require judgment and considers factors specific to each asset or liability.
Financial assets and liabilities measured at fair value on a recurring basis are as follows. There are currently no items categorized as Level 2 or 3 within the fair value hierarchy.
Fair Value Measurements at December 31, 2025, Using
Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs
(Level 3) 		Balance at
December 31, 2025
Assets:
Applied Industrial Technologies, Inc. Stock Fund
Common Stock $ 160,889,571 $ - $ - $ 160,889,571
Mutual Funds 703,815,938 - - 703,815,938
Total
$ 864,705,509 $ - $ - $ 864,705,509
Investments measured at NAV(a):
Common/collective trust funds: Stable value 62,172,358 - - 62,172,358
Total investments at fair value
$ 926,877,867 $ - $ - $ 926,877,867
7
APPLIED INDUSTRIAL TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Fair Value Measurements at December 31, 2024, Using
Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs
(Level 3) 		Balance at
December 31, 2024
Assets:
Applied Industrial Technologies, Inc. Stock Fund
Common Stock $ 178,077,834 $ - $ - $ 178,077,834
Mutual Funds 606,142,059 - - 606,142,059
Total
$ 784,219,893 $ - $ - $ 784,219,893
Investments measured at NAV(a):
Common/collective trust funds: Stable value 64,119,535 - - 64,119,535
Total investments at fair value
$ 848,339,428 $ - $ - $ 848,339,428
(a)Plan investments measured at net asset value per share (or its equivalent) as a practical expedient to fair value have not been classified in the fair value hierarchy. These amounts are being presented in the tables above to permit reconciliation of the fair value hierarchy to the amounts presented in the Statement of Net Assets Available for Benefits.
4. SUBSEQUENT EVENTS
The Plan evaluated subsequent events for potential recognition and disclosure through June 16, 2026, the date the Plan's financial statements were issued.
8
APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN
Employer ID Number: 34-0117420
Plan Number: 003
SCHEDULE H LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2025
(a) (b) (c) (d) (e)
Identity of Issuer, Borrower, Current
Lessor or Similar Party Description of Investment Cost Value
* Applied Industrial Technologies, Inc. Stock:
Applied Industrial Technologies, Inc. Common Stock ** $ 160,889,571
Common/Collective Trust Funds
Stable Principal Fund
Vanguard Fiduciary Trust Mutual Fund ** 62,172,358
Fixed Income Funds
Bond Fund
Baird Aggregate Bond Institutional Fund Mutual Fund ** 8,939,252
American Funds Bond Fund of America R6 Fund Mutual Fund ** 8,923,141
John Hancock Investment Grade Bond R6 Fund Mutual Fund ** 8,919,618
Total Fixed Income Funds 26,782,011
Mutual Funds - Equity
Large Value Stock Fund
Vanguard Value Index Institutional Fund Mutual Fund ** 8,423,844
Putnam Large Cap Value R6 Fund Mutual Fund ** 6,313,802
JP Morgan US Value R6 Fund Mutual Fund ** 6,308,056
Large Core Stock Fund
Columbia Large Cap Enhanced Core I3 Fund Mutual Fund ** 13,382,224
T. Rowe Price U.S. Equity Research Fund Mutual Fund ** 13,374,177
Vanguard Growth & Income Admiral Fund Mutual Fund ** 13,364,537
Vanguard Institutional Index Institutional Fund Mutual Fund ** 20,675,682
Large Growth Stock Fund
Harbor Capital Appreciation Retirement Fund Mutual Fund ** 25,531,718
JP Morgan Growth Advantage R6 Fund Mutual Fund ** 25,506,720
Vanguard Growth Index Institutional Fund Mutual Fund ** 34,025,288
Mid Cap Value Stock Fund
John Hancock Disciplined Value Mid Cap R6 Fund Mutual Fund ** 2,605,949
Vanguard Mid-Cap Value Index Admiral Fund Mutual Fund ** 4,360,554
MFS Mid Cap Value R6 Fund Mutual Fund ** 1,741,046
Mid Cap Core Stock Fund
Vanguard Mid Cap Index Institutional Fund Mutual Fund ** 3,174,119
Vanguard Strategic Equity Inv Fund Mutual Fund ** 1,981,014
Fidelity Mid Cap Stock K Fund Mutual Fund ** 790,697
MFS Blended Research Mid Cap Equity R6 Fund Mutual Fund ** 1,189,570
Madison Mid Cap R6 Fund Mutual Fund ** 817,990
9
APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN
Employer ID Number: 34-0117420
Plan Number: 003
SCHEDULE H LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2025
(a) (b) (c) (d) (e)
Identity of Issuer, Borrower, Current
Lessor or Similar Party Description of Investment Cost Value
Mid Cap Growth Stock Fund
T. Rowe Price Instl Mid-Cap Equity Growth Fund Mutual Fund ** 10,177,423
Fidelity Mid Cap Growth Index Fund Mutual Fund ** 11,407,170
ClearBridge Select IS Fund Mutual Fund ** 3,810,071
Small Cap Value Stock Fund
PIMCO RAE US Small Institutional Fund Mutual Fund ** 1,582,340
Vanguard Small-Cap Value Index Admiral Fund Mutual Fund ** 3,799,705
Applied Finance Explorer Institutional Fund Mutual Fund ** 946,372
Small Cap Core Stock Fund
Vanguard Small Cap Index Institutional Fund Mutual Fund ** 1,214,869
Touchstone Small Company R6 Fund Mutual Fund ** 910,030
Thrivent Small Cap Stock S Fund Mutual Fund ** 907,782
Small Cap Growth Stock Fund
Vanguard Russell 2000 Growth Index Instl Fund Mutual Fund ** 4,016,247
American Century Small Cap Growth R6 Fund Mutual Fund ** 4,676,919
Putnam Small Cap Growth R6 Fund Mutual Fund ** 4,686,845
Foreign Stock Fund
Mercer Non US Core Equity Fund Mutual Fund ** 9,468,027
Vanguard Total International Stock Index Institutional Fund Mutual Fund ** 9,495,640
MFS International Equity R6 Fund Mutual Fund ** 6,316,014
Nuveen Social Choice International Equity R6 Fund Mutual Fund ** 6,313,665
Vanguard Treasury Money Market Fund Mutual Fund ** 2,536
Vanguard Cash Reserve Money Market Admiral Fund Mutual Fund ** 269,388
Vanguard Growth Index Institutional Fund Mutual Fund ** 36,030,994
Vanguard Institutional Index Institutional Fund Mutual Fund ** 30,295,388
Vanguard Mid Cap Index Institutional Fund Mutual Fund ** 7,368,965
Vanguard Small Cap Index Admiral Fund Mutual Fund ** 6,484,765
Vanguard Value Index Institutional Fund Mutual Fund ** 8,544,852
Vanguard Total International Stock Index Institutional Fund Mutual Fund ** 8,947,448
Total Mutual Funds - Equity 361,240,442
Retirement-Year Based Funds
Vanguard Target Retirement Income Fund Mutual Fund ** 6,088,935
Vanguard Target Retirement 2020 Fund Mutual Fund ** 12,070,927
Vanguard Target Retirement 2025 Fund Mutual Fund ** 30,463,789
Vanguard Target Retirement 2030 Fund Mutual Fund ** 65,579,924
Vanguard Target Retirement 2035 Fund Mutual Fund ** 54,431,173
Vanguard Target Retirement 2040 Fund Mutual Fund ** 34,910,260
Vanguard Target Retirement 2045 Fund Mutual Fund ** 33,970,632
10
APPLIED INDUSTRIAL TECHNOLOGIES, INC.
RETIREMENT SAVINGS PLAN
Employer ID Number: 34-0117420
Plan Number: 003
SCHEDULE H LINE 4(i) - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2025
(a) (b) (c) (d) (e)
Identity of Issuer, Borrower, Current
Lessor or Similar Party Description of Investment Cost Value
Vanguard Target Retirement 2050 Fund Mutual Fund ** 31,187,605
Vanguard Target Retirement 2055 Fund Mutual Fund ** 22,469,387
Vanguard Target Retirement 2060 Fund Mutual Fund ** 11,567,977
Vanguard Target Retirement 2065 Fund Mutual Fund ** 5,764,398
Vanguard Target Retirement 2070 Fund Mutual Fund ** 720,882
Total Retirement-Year Based Funds 309,225,889
Balanced Funds
Vanguard Wellesley Income Admiral Fund Mutual Fund ** 1,963,361
T. Rowe Price Spectrum Conservative Allocation Fund Mutual Fund ** 1,312,280
Hartford Balanced Income R6 Fund Mutual Fund ** 1,980,374
Nuveen Lifestyle Conservative R6 Fund Mutual Fund ** 1,311,581
Total Balanced Funds 6,567,596
Total Investments 926,877,867
Notes Receivable From Participants
*
Participant notes receivable (with interest rates ranging from 4.25% to 10.50% and maturity dates ranging from January 2026 to September 2035)
- 9,029,950
Total $ 935,907,817
* Represents a party-in-interest
** Indicates a participant-directed fund. The cost disclosure is not required.
11
Applied Industrial Technologies Inc. published this content on June 16, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 16, 2026 at 15:36 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]