How Schrimsher was paid
$7.7M in total for 2026, 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Neil A. SchrimsherPresident & Chief Executive Officer | $1,025,000 | $3,718,060 | $1,387,972 | $1,334,345 | $0 | $233,759 | $7,699,136 |
| David K. WellsVice President – Chief Financial Officer & Treasurer | $520,000 | $714,595 | $306,546 | $404,768 | $59,001 | — | $2,004,910 |
| Warren E. HoffnerVice President, General Manager – Fluid Power & Flow Control | $440,000 | $424,426 | $182,040 | $293,568 | $48,104 | — | $1,388,138 |
| Kurt W. LoringVice President – Chief Human Resources Officer | $420,000 | $489,389 | $210,002 | $256,872 | $43,170 | — | $1,419,433 |
| Jason W. VasquezVice President – Sales & Marketing, U.S. Service Centers | $445,000 | $389,779 | $167,196 | $302,244 | $46,251 | — | $1,350,470 |
What changed and why
- $7.7M$7,699,136 CEO total compensation increased from $6,517,480 in 2025.
- 3.54%3.54% CEO salary increase raised annual salary to $1,025,000.
- 115%115% CEO target incentive increased from 110% of salary.
- 55%55% of the CEO’s targeted long-term incentive value was awarded in performance shares.
- 89.9%89.9% Average achievement under the three-year performance share programs.
- $414.5M$414.5 million Net income exceeded the $399.6 million target.
Other Applied Industrial Technologies proxy statements
- 2025 proxy statement
Neil A. Schrimsher paid $6.5M (+4% on the year), pay ratio 74:1.
Filed Sep 10, 2025
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.