Form 4: AAON CEO Gary Fields Executes Stock Option and Sells Shares
SEC Form 4 Filing
AAON CEO Gary Fields exercised stock options and sold shares on November 25, 2024, according to a recent SEC filing.
Summary
- Gary Fields, CEO of AAON, Inc., executed a stock option to acquire 12,160 shares of common stock at a price of $31.69 per share on November 25, 2024.
- On the same day, Mr. Fields sold 12,160 shares of common stock at a weighted average price of $139.66 per share.
- Following these transactions, Mr. Fields directly owns 64,295 shares of AAON common stock.
- He also indirectly owns 6,750 shares through a custodian for the benefit of his grandchildren and 5,422 shares through a 401(k) plan.
- Mr. Fields holds multiple stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company executives.
Comparison to Industry Standards
- Executive stock option exercises and sales are a common practice in publicly traded companies, particularly in the US.
- The timing and volume of these transactions are often scrutinized by investors for insights into management's view of the company's prospects.
- Similar filings are made by executives at companies like Carrier Global, Trane Technologies, and Lennox International, all of which operate in the HVAC industry.
Stakeholder Impact
- The stock sale by the CEO could be viewed neutrally by shareholders as it is a common practice.
- The exercise of stock options and subsequent sale could be seen as a positive sign of the CEO's confidence in the company's long-term prospects.
Key Dates
| Date | Description |
|---|---|
| 03/11/2021 | Date of stock option grant with an exercise price of $29.48 and an expiration date of 03/11/2030. |
| 05/12/2021 | Date of stock option grant with an exercise price of $31.69 and an expiration date of 05/12/2030. |
| 03/11/2022 | Date of stock option grant with an exercise price of $48.91 and an expiration date of 03/11/2031. |
| 03/15/2023 | Date of stock option grant with an exercise price of $36.13 and an expiration date of 03/15/2032. |
| 03/06/2024 | Date of stock option grant with an exercise price of $62.03 and an expiration date of 03/06/2033. |
| 11/25/2024 | Date of stock option exercise and share sale by Gary Fields. |
| 03/11/2025 | Date of stock option grant with an exercise price of $79.73 and an expiration date of 03/11/2034. |
| 11/26/2024 | Date of SEC Form 4 filing. |
Keywords
AAON, stock options, insider trading, SEC Form 4, Gary Fields, share sale, executive compensation
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