v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Pay vs Performance Disclosure          
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 Exchange 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 22.
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
  
Company TSR
($)
    
Peer Group TSR
($) (3)
    
Net
Income
($) (4)
  
(a)
  
(b)
    
(c)
    
(d)
    
(e)
    
(f)
    
(g)
    
(h)
    
(i)
  
2026
     7,699,136       16,367,092       1,540,738       2,788,148       388.90       254.78       414,525       618,159  
2025
     6,517,480       9,689,937       1,357,183       1,820,792       265.47       193.15       392,988       562,059  
2024
     6,276,998       13,971,455       1,330,511       2,461,405       220.05       164.43       385,762       553,315  
2023
     6,361,505       17,661,702       1,383,353       2,666,450       162.95       138.03       346,739       524,421  
2022
     5,840,834       8,823,200       1,353,747       1,776,726       107.05       96.96       257,414       408,949  
 
(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)
2026, 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.
  (iii)
2022 – 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)
         
2026
      7,699,136        5,106,032        13,773,988        16,367,092  
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  
 
  (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)
         
2026
      1,540,738        720,993        1,968,403        2,788,148  
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  
 
  (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 Exchange 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 2026 Most Important Performance Measures below which, in Applied’s assessment, is the most important performance measure for 2026 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
($)
  
2026
     6,555,762       3,939,932       0       4,141,844       (897,598 )      34,048       13,773,988  
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  
 
 
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
($)
  
2026
     924,200       588,141       0       570,329       (119,755 )      5,488       1,968,403  
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  
        
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)
2026, 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.
  (iii)
2022 – 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 Exchange Act.
       
PEO Total Compensation Amount $ 7,699,136 $ 6,517,480 $ 6,276,998 $ 6,361,505 $ 5,840,834
PEO Actually Paid Compensation Amount $ 16,367,092 9,689,937 13,971,455 17,661,702 8,823,200
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)
         
2026
      7,699,136        5,106,032        13,773,988        16,367,092  
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  
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
($)
  
2026
     6,555,762       3,939,932       0       4,141,844       (897,598 )      34,048       13,773,988  
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  
        
Non-PEO NEO Average Total Compensation Amount $ 1,540,738 1,357,183 1,330,511 1,383,353 1,353,747
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,788,148 1,820,792 2,461,405 2,666,450 1,776,726
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)
         
2026
      1,540,738        720,993        1,968,403        2,788,148  
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  
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
($)
  
2026
     924,200       588,141       0       570,329       (119,755 )      5,488       1,968,403  
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  
        
Compensation Actually Paid vs. Total Shareholder Return
CAP versus TSR
–
The chart below compares the PEO’s and
Non-PEO
NEOs’ CAP values to the five-year TSR values for the Company and the Peer Group:
 
LOGO
 
        
Compensation Actually Paid vs. Net Income
CAP versus Company Net Income
–
The chart below compares the PEO’s and
Non-PEO
NEOs’ CAP values to the Company’s Net Income:
 
LOGO 		       
Compensation Actually Paid vs. Company Selected Measure
CAP versus Company Adjusted EBITDA
–
The chart below compares the PEO’s and
Non-PEO
NEOs’ CAP values to the Company’s Adjusted EBITDA:
 
LOGO
 
        
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:
 
LOGO
       
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 NEOs with Company performance for fiscal year 2026, 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.
 
Fiscal Year 2026 Most Important Performance Measures
Net Income
Adjusted EBITDA
Average Working Capital as a Percentage of Sales
ROA
        
Total Shareholder Return Amount $ 388.9 265.47 220.05 162.95 107.05
Peer Group Total Shareholder Return Amount 254.78 193.15 164.43 138.03 96.96
Net Income (Loss) $ 414,525 $ 392,988 $ 385,762 $ 346,739 $ 257,414
Company Selected Measure Amount 618,159 562,059 553,315 524,421 408,949
PEO Name Neil A. Schrimsher        
Measure:: 1          
Pay vs Performance Disclosure          
Name Net Income        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description
(5)
Adjusted EBITDA for incentive programs, our company-selected measure, is the
non-GAAP
financial performance measure from the tabular list of 2026 Most Important Performance Measures below which, in Applied’s assessment, is the most important performance measure for 2026 not otherwise included in the table above.
       
Measure:: 3          
Pay vs Performance Disclosure          
Name Average Working Capital as a Percentage of Sales        
Measure:: 4          
Pay vs Performance Disclosure          
Name ROA        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 13,773,988 $ 7,510,735 $ 11,603,849 $ 14,789,943 $ 5,980,810
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,555,762 5,148,018 5,259,141 5,594,983 3,839,482
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,939,932 2,303,934 6,128,124 8,560,805 2,207,750
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,141,844 301,267 196,491 634,155 (81,162)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (897,598) (274,932) (30,157) 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 34,048 32,448 50,250 0 14,740
PEO | Deductions from SCT Total [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,106,032) (4,338,278) (3,909,392) (3,489,746) (2,998,444)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,968,403 1,081,716 1,708,771 1,788,314 876,324
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 924,200 733,828 779,623 685,721 575,457
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 588,141 336,029 907,146 1,032,853 311,053
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 23,748 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 570,329 43,550 19,923 88,912 (12,598)
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          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (119,755) (36,787) (4,052) (42,920) 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,488 5,096 6,131 0 2,412
Non-PEO NEO | Deductions from SCT Total [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (720,993) $ (618,107) $ (577,877) $ (505,217) $ (453,345)