Pay vs Performance Disclosure, Table

Pay Versus Performance Disclosure

This disclosure has been prepared in accordance with the SEC’s pay versus performance rules in Item 402(v) of Regulation

S-K

under the 1934 Act (“Item 402(v)”) and does not necessarily reflect value actually realized by the NEOs or how the Executive Organization & Compensation Committee evaluates the execution of its pay for performance philosophy and compensation decisions in light of Applied’s or any individual’s performance. For discussion of how the Executive Organization & Compensation Committee seeks to align pay with performance when making compensation decisions, please review the Compensation Discussion and Analysis beginning on page 23.

The following tables and related disclosures provide information concerning (i) the total compensation of our principal executive officer (“PEO”) and our

non-PEO

Named Executive Officers (collectively, the “Other NEOs”) as presented in the Summary Compensation Table on page 43, (ii) the “compensation actually paid” (“CAP”) to our PEO and our Other NEOs, as calculated pursuant to Item 402(v), (iii) certain financial performance measures, and (iv) the relationship of the CAP to those financial performance measures.


	Summary Compensation Table (SCT) Total for PEO ($) (1)		Compensation Actually Paid to PEO ($) (1, 2)		Average SCT Total for Other NEOs ($) (1)		Average Compensation Actually Paid to Other NEOs ($) (1, 2)		Value of Initial Fixed $100 Investment Based On:						Adjusted EBITDA ($) (5)
Year	Summary Compensation Table (SCT) Total for PEO ($) (1)		Compensation Actually Paid to PEO ($) (1, 2)		Average SCT Total for Other NEOs ($) (1)		Average Compensation Actually Paid to Other NEOs ($) (1, 2)		Company TSR ($)		Peer Group TSR ($) (3)		Net Income ($) (4)		Adjusted EBITDA ($) (5)
(a)	(b)		(c)		(d)		(e)		(f)		(g)		(h)		(i)
2025		6,517,480		9,689,937		1,357,183		1,820,792		394.04		258.89		392,988		562,059
2024		6,276,998		13,971,455		1,330,511		2,461,405		326.62		220.38		385,762		553,315
2023		6,361,505		17,661,702		1,383,353		2,666,450		241.87		185.01		346,739		524,421
2022		5,840,834		8,823,200		1,353,747		1,776,726		158.89		129.96		257,414		408,949
2021		6,084,592		11,107,443		1,412,320		2,139,081		148.43		134.03		144,757		310,121

(1)	Neil A. Schrimsher was our PEO for each year presented. The individuals comprising the Other NEOs for each year presented are listed below:

(i)

2025 and 2024 – David K. Wells, Warren E. Hoffner, Kurt W. Loring, and Jason W. Vasquez

(ii

2023 – David K. Wells, Warren E. Hoffner, Kurt W. Loring, Jason W. Vasquez, and Fred D. Bauer.

(ii)

2022 and 2021 – David K. Wells, Fred D. Bauer, Warren E. Hoffner, and Kurt W. Loring.

(2)

The tables below show the adjustments, each of which is required by SEC rules, to calculate CAP amounts from the SCT Total of our PEO and our Other NEOs. These amounts do not reflect the actual amount of compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402(v).

PEO SCT Total to CAP Reconciliation


Year	SCT Total ($)		Deductions from SCT Total ($)		Additions to SCT Total ($)		Compensation Actually Paid ($)
			(i)		(ii)
2025		6,517,480		4,338,278		7,510,735		9,689,937
2024		6,276,998		3,909,392		11,603,849		13,971,455
2023		6,361,505		3,489,746		14,789,943		17,661,702
2022		5,840,834		2,998,444		5,980,810		8,823,200
2021		6,084,592		3,351,101		8,373,952		11,107,443

(i)

Represents the grant-date fair value of equity-based awards granted in each fiscal year presented, as shown in the “Stock Awards” and “Option Awards” columns of the SCT.

(ii)

Represents the value of equity calculated in accordance with Item 402(v) for each fiscal year presented.

Average

Non-PEO

NEOs SCT Total to CAP Reconciliation


Year	SCT Total ($)		Deductions from SCT Total ($)		Additions to SCT Total ($)		Compensation Actually Paid ($)
			(i)		(ii)
2025		1,357,183		618,107		1,081,716		1,820,792
2024		1,330,511		577,877		1,708,771		2,461,405
2023		1,383,353		505,217		1,788,314		2,666,450
2022		1,353,747		453,345		876,324		1,776,726
2021		1,412,320		497,352		1,224,113		2,139,081

(i)

Represents the grant-date fair value of equity-based awards granted in each fiscal year presented, as shown in the “Stock Awards” and “Option Awards” columns of the SCT.

(ii)

Represents the value of equity calculated in accordance with Item 402(v) for each fiscal year presented.

(3)	The peer group used in this disclosure is the Dow Jones US Industrial Suppliers Index (Peer Group), which is the same peer group used in Applied’s performance graph disclosed pursuant to Item 201(e) of Regulation S-K under the 1934 Act.

(4)	Net Income as reported in Applied’s Consolidated Statements of Income included in our Form 10-K.

(5)

Adjusted EBITDA for incentive programs, our company-selected measure, is the

non-GAAP

financial performance measure from the tabular list of 2025 Most Important Performance Measures below which, in Applied’s assessment, is the most important performance measure for 2025 not otherwise included in the table above.

The amounts in the “Additions to SCT Total” in the tables above are derived from the amounts set forth in the following tables:

PEO Equity Award Detail


Year	Year End Fair Value of Equity Awards Granted in the Year ($)		Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards ($)		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($)		Year Over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)			Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($)			Value of Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($)		Total Equity Award Adjustments ($)
2025		5,148,018		2,303,934		0		301,267			(274,932	)		32,448		7,510,735
2024		5,259,141		6,128,124		0		196,491			(30,157	)		50,250		11,603,849
2023		5,594,983		8,560,805		0		634,155			0			0		14,789,943
2022		3,839,482		2,207,750		0		(81,162	)		0			14,740		5,980,810
2021		6,070,046		2,338,732		0		420,550			(481,246	)		25,870		8,373,952

Non-PEO

NEO Equity Award Detail


Year	Year End Fair Value of Equity Awards Granted in the Year ($)		Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards ($)		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($)		Year Over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)			Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($)			Value of Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($)		Total Equity Award Adjustments ($)
2025		733,828		336,029		0		43,550			(36,787	)		5,096		1,081,716
2024		779,623		907,146		0		19,923			(4,052	)		6,131		1,708,771
2023		685,721		1,032,853		23,748		88,912			(42,920	)		0		1,788,314
2022		575,457		311,053		0		(12,598	)		0			2,412		876,324
2021		881,992		345,877		0		62,611			(70,462	)		4,095		1,224,113

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

(1)	Neil A. Schrimsher was our PEO for each year presented. The individuals comprising the Other NEOs for each year presented are listed below:

(i)

2025 and 2024 – David K. Wells, Warren E. Hoffner, Kurt W. Loring, and Jason W. Vasquez

(ii

2023 – David K. Wells, Warren E. Hoffner, Kurt W. Loring, Jason W. Vasquez, and Fred D. Bauer.

(ii)

2022 and 2021 – David K. Wells, Fred D. Bauer, Warren E. Hoffner, and Kurt W. Loring.

Peer Group Issuers, Footnote

(3)	The peer group used in this disclosure is the Dow Jones US Industrial Suppliers Index (Peer Group), which is the same peer group used in Applied’s performance graph disclosed pursuant to Item 201(e) of Regulation S-K under the 1934 Act.

PEO Total Compensation Amount

$ 6,517,480

$ 6,276,998

$ 6,361,505

$ 5,840,834

$ 6,084,592

PEO Actually Paid Compensation Amount

$ 9,689,937

13,971,455

17,661,702

8,823,200

11,107,443

Adjustment To PEO Compensation, Footnote

PEO SCT Total to CAP Reconciliation


Year	SCT Total ($)		Deductions from SCT Total ($)		Additions to SCT Total ($)		Compensation Actually Paid ($)
			(i)		(ii)
2025		6,517,480		4,338,278		7,510,735		9,689,937
2024		6,276,998		3,909,392		11,603,849		13,971,455
2023		6,361,505		3,489,746		14,789,943		17,661,702
2022		5,840,834		2,998,444		5,980,810		8,823,200
2021		6,084,592		3,351,101		8,373,952		11,107,443

PEO Equity Award Detail


Year	Year End Fair Value of Equity Awards Granted in the Year ($)		Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards ($)		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($)		Year Over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)			Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($)			Value of Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($)		Total Equity Award Adjustments ($)
2025		5,148,018		2,303,934		0		301,267			(274,932	)		32,448		7,510,735
2024		5,259,141		6,128,124		0		196,491			(30,157	)		50,250		11,603,849
2023		5,594,983		8,560,805		0		634,155			0			0		14,789,943
2022		3,839,482		2,207,750		0		(81,162	)		0			14,740		5,980,810
2021		6,070,046		2,338,732		0		420,550			(481,246	)		25,870		8,373,952

Non-PEO NEO Average Total Compensation Amount

$ 1,357,183

1,330,511

1,383,353

1,353,747

1,412,320

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,820,792

2,461,405

2,666,450

1,776,726

2,139,081

Adjustment to Non-PEO NEO Compensation Footnote

Average

Non-PEO

NEOs SCT Total to CAP Reconciliation


Year	SCT Total ($)		Deductions from SCT Total ($)		Additions to SCT Total ($)		Compensation Actually Paid ($)
			(i)		(ii)
2025		1,357,183		618,107		1,081,716		1,820,792
2024		1,330,511		577,877		1,708,771		2,461,405
2023		1,383,353		505,217		1,788,314		2,666,450
2022		1,353,747		453,345		876,324		1,776,726
2021		1,412,320		497,352		1,224,113		2,139,081

Non-PEO

NEO Equity Award Detail


Year	Year End Fair Value of Equity Awards Granted in the Year ($)		Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards ($)		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($)		Year Over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)			Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($)			Value of Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($)		Total Equity Award Adjustments ($)
2025		733,828		336,029		0		43,550			(36,787	)		5,096		1,081,716
2024		779,623		907,146		0		19,923			(4,052	)		6,131		1,708,771
2023		685,721		1,032,853		23,748		88,912			(42,920	)		0		1,788,314
2022		575,457		311,053		0		(12,598	)		0			2,412		876,324
2021		881,992		345,877		0		62,611			(70,462	)		4,095		1,224,113

Compensation Actually Paid vs. Total Shareholder Return

CAP versus TSR

–

The chart below compares the PEO’s and

Non-PEO

NEO’s CAP values to the four-year TSR values for the Company and the Peer Group:

Compensation Actually Paid vs. Net Income

CAP versus Company Net Income

–

The chart below compares the PEO’s and

Non-PEO

NEO’s CAP values to the Company’s Net Income:

Compensation Actually Paid vs. Company Selected Measure

CAP versus Company Adjusted EBITDA

–

The chart below compares the PEO’s and

Non-PEO

NEO’s CAP values to the Company’s Adjusted EBITDA:

Total Shareholder Return Vs Peer Group

TSR: Company versus Peer Group

–

The Company’s five-year cumulative TSR compared to the five-year cumulative TSR of the Peer Group:

Tabular List, Table

The following table presents the financial performance measures that we consider to have been the most important in linking CAP to our PEO and Other NEO for 2025 to performance, as further described in the Compensation Discussion and Analysis in the sections entitled “Annual Incentive Pay” and “Long-Term Incentives.” The measures in this table are not ranked.

2025 Most Important Performance Measures

Net Income

Adjusted EBITDA

Average Working Capital as a Percentage of Sales

ROA

Total Shareholder Return Amount

$ 394.04

326.62

241.87

158.89

148.43

Peer Group Total Shareholder Return Amount

258.89

220.38

185.01

129.96

134.03

Net Income (Loss)

$ 392,988

$ 385,762

$ 346,739

$ 257,414

$ 144,757

Company Selected Measure Amount

562,059

553,315

524,421

408,949

310,121

PEO Name

Neil A. Schrimsher

Measure:: 1

Net Income

Measure:: 2

Non-GAAP Measure Description

Adjusted EBITDA

(5)

Adjusted EBITDA for incentive programs, our company-selected measure, is the

non-GAAP

Measure:: 3

Average Working Capital as a Percentage of Sales

Measure:: 4

PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

ROA

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

$ 7,510,735

$ 11,603,849

$ 14,789,943

$ 5,980,810

$ 8,373,952

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

5,148,018

5,259,141

5,594,983

3,839,482

6,070,046

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

2,303,934

6,128,124

8,560,805

2,207,750

2,338,732

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

301,267

196,491

634,155

(81,162)

420,550

PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

(274,932)

(30,157)

(481,246)

PEO | Deductions from SCT Total [Member]

32,448

50,250

14,740

25,870

Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

(4,338,278)

(3,909,392)

(3,489,746)

(2,998,444)

(3,351,101)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

1,081,716

1,708,771

1,788,314

876,324

1,224,113

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

733,828

779,623

685,721

575,457

881,992

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

336,029

907,146

1,032,853

311,053

345,877

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

23,748

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

43,550

19,923

88,912

(12,598)

62,611

Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

(36,787)

(4,052)

(42,920)

(70,462)

Non-PEO NEO | Deductions from SCT Total [Member]

5,096

6,131

2,412

4,095

Restatement Determination Date:: 2025-06-30

$ (618,107)

$ (577,877)

$ (505,217)

$ (453,345)

$ (497,352)

Recovery of Erroneously Awarded Compensation

12 Months Ended

Jun. 30, 2025

Erroneously Awarded Compensation Recovery

Erroneous Compensation Analysis

Clawback Provisions

Because incentive awards are intended to motivate executives to act in Applied’s best interests, the Committee includes provisions in award terms to claw back compensation under certain circumstances:

•

The Committee may terminate or rescind an award and, if applicable, require an executive to repay cash or shares (and dividends, distributions, and dividend equivalents paid thereon) issued pursuant to the award within the previous 12 months (and proceeds thereof), if the Committee determines that, during the executive’s employment with Applied or during the period ending 12 months following separation from service, the executive competed with Applied or in other circumstances engaged in acts inimical to Applied’s interests.

•

The Committee may require an executive to repay cash or shares (and dividends, distributions, and dividend equivalents paid thereon) issued pursuant to an award within the previous 36 months (and proceeds thereof) if (i) Applied restates its historical consolidated financial statements and (ii) the Committee determines that (x) the restatement is a result of the executive’s, or another executive officer’s, willful misconduct that is unethical or illegal, and (y) the executive’s earnings pursuant to the award were based on materially inaccurate financial statements or materially inaccurate performance metrics that were invalidated by the restatement.

•

By accepting or exercising any awards, each participant agrees to abide and be bound by any policies adopted by Applied pursuant to Section 304 of the Sarbanes-Oxley Act of 2022, Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and any rules or exchange listing standards promulgated thereunder calling for the repayment and/or forfeiture of any award or payment resulting from an accounting restatement. Such repayment and/or forfeiture provisions shall apply whether or not a participant is still employed by or affiliated with Applied.

In addition, in the Committee adopted a recoupment policy intended to comply with Section 10D of the Exchange Act and the NYSE listing standards, which provides for the mandatory recovery of both cash- and equity-based compensation paid on the basis of the achievement of financial performance measures in the event of an accounting restatement that impacts such performance measures. This policy is filed as an exhibit to our most recent Annual Report on Form

10-K.

Award Timing Disclosure

12 Months Ended

Jun. 30, 2025

USD ($)

$ / shares

Award Timing Disclosures [Line Items]

Award Timing MNPI Disclosure

2025 Policies and Practices Related to the Grant of Certain Equity Awards

At each August meeting, it is the Committee’s long-standing practice to review Applied’s results for the previous fiscal year, review the Company’s financial plan and strategy for the upcoming fiscal year, and based on those reviews approve the granting of equity awards for the upcoming fiscal year. The grant date for those equity awards is always the date of the August meeting, which date is generally set two to three years in advance. It is the Committee’s belief that maintaining a consistent grant practice, based on a date that is set multiple years in advance, is in the best interests of the Company.

As required pursuant to Item 402(x) of Regulation

S-K,

the following table shows the number of SARs issued for fiscal year 2025.


Name	Grant Date	Number of Securities Underlying the Award	Exercise Price of the Award ($/Sh)	Grant Date Fair Value of the Award ($)	Percentage Change in the Closing Market Price of the Securities Underlying the Award Between the Trading Day Ending Immediately Prior to the Disclosure of Material Nonpublic Information and the Trading Day Beginning Immediately Following the Disclosure of Material Nonpublic Information
N. Schrimsher	08/13/2024	15,210	197.43	77.29	0.6%
D. Wells	08/13/2024	3,380	197.43	77.29	0.6%
W. Hoffner	08/13/2024	2,070	197.43	77.29	0.6%
K. Loring	08/13/2024	2,324	197.43	77.29	0.6%
J. Vasquez	08/13/2024	1,796	197.43	77.29	0.6%

Award Timing Method

Awards Close in Time to MNPI Disclosures, Table

As required pursuant to Item 402(x) of Regulation

S-K,

the following table shows the number of SARs issued for fiscal year 2025.


Name	Grant Date	Number of Securities Underlying the Award	Exercise Price of the Award ($/Sh)	Grant Date Fair Value of the Award ($)	Percentage Change in the Closing Market Price of the Securities Underlying the Award Between the Trading Day Ending Immediately Prior to the Disclosure of Material Nonpublic Information and the Trading Day Beginning Immediately Following the Disclosure of Material Nonpublic Information
N. Schrimsher	08/13/2024	15,210	197.43	77.29	0.6%
D. Wells	08/13/2024	3,380	197.43	77.29	0.6%
W. Hoffner	08/13/2024	2,070	197.43	77.29	0.6%
K. Loring	08/13/2024	2,324	197.43	77.29	0.6%
J. Vasquez	08/13/2024	1,796	197.43	77.29	0.6%

N. Schrimsher [Member]

N. Schrimsher

15,210

$ 197.43

$ 77.29

0.6

D. Wells [Member]

D. Wells

3,380

$ 197.43

$ 77.29

0.6

W. Hoffner [Member]

W. Hoffner

2,070

$ 197.43

$ 77.29

0.6

K. Loring [Member]

K. Loring

2,324

$ 197.43

$ 77.29

0.6

J. Vasquez [Member]

J. Vasquez

1,796

$ 197.43

$ 77.29