How Schrimsher was paid
$6.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Neil A. SchrimsherPresident & Chief Executive Officer | $801,403 | $3,162,627 | $1,175,651 | $1,173,724 | $204,075 | $6,517,480 |
| David K. WellsVice President – Chief Financial Officer & Treasurer | $463,970 | $612,085 | $261,256 | $373,932 | $51,648 | $1,762,891 |
| Warren E. HoffnerVice President, General Manager – Fluid Power & Flow Control | $392,768 | $374,841 | $160,000 | $271,326 | $41,221 | $1,240,156 |
| Kurt W. LoringVice President – Chief Human Resources Officer | $373,930 | $420,774 | $179,633 | $236,789 | $37,914 | $1,249,040 |
| Jason W. VasquezVice President – Sales & Marketing, U.S. Service Centers | $404,231 | $325,018 | $138,821 | $269,739 | $38,834 | $1,176,643 |
What changed and why
- 84%84% of the CEO’s targeted primary compensation was tied to performance in 2025.
- 106.2%106.2%: NEOs’ average annual incentive payout relative to individual targets.
- 55%55%: CEO’s targeted long-term incentive value awarded in performance shares.
- 14.3%14.3%: CEO’s target long-term incentive value increase from the prior year.
- 140%140%: completed 2023-2025 performance share program payout relative to target.
- 96%96%: shareholders’ prior-year say-on-pay support.
Other Applied Industrial Technologies proxy statements
- 2026 proxy statement
Neil A. Schrimsher paid $7.7M (+18% on the year), pay ratio 105:1.
Filed Sep 10, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.