Form 4: AAON EVP Sells Shares for Tax Obligations
Insider Transaction Report
AAON Executive Vice President Gordon Douglas Wichman disposed of 144 shares of common stock to cover tax withholding obligations at a price of $91.51 per share.
Summary
- Gordon Douglas Wichman, Executive Vice President of AAON, INC. (AAON), reported a disposition of common stock.
- The transaction occurred on March 12, 2026, and involved the sale of 144 shares of common stock (89 shares and 55 shares) at a price of $91.51 per share.
- The disposition was made to satisfy tax withholding obligations, indicated by transaction code 'F'.
- Following these transactions, Mr. Wichman directly beneficially owns 10,073 shares of AAON common stock.
- Additionally, Mr. Wichman indirectly beneficially owns 4,526 shares through a 401(k) Plan.
- He also holds various stock options, totaling 61,128 shares, with exercise prices ranging from $27.58 to $82.39 and expiration dates between March 2029 and March 2035.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares is a non-discretionary sale to cover tax obligations, which is a standard practice for executive compensation and does not reflect a change in investment sentiment.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
StockSavvy.ai notes that routine tax-related dispositions by executives, such as the one reported, are common occurrences in executive compensation plans and generally do not signal a change in company fundamentals or management's long-term outlook. These sales are typically non-discretionary and are executed to cover tax liabilities arising from the vesting of equity awards or exercise of options.
Key Dates
| Date | Description |
|---|---|
| 03/11/2020 | Grant date for stock options (24,250 shares, $27.58 exercise price) |
| 03/11/2021 | Grant date for stock options (15,780 shares, $29.48 exercise price) |
| 03/11/2022 | Grant date for stock options (6,106 shares, $48.91 exercise price) |
| 03/15/2023 | Grant date for stock options (5,670 shares, $36.13 exercise price) |
| 03/06/2024 | Grant date for stock options (4,261 shares, $62.04 exercise price) |
| 03/11/2025 | Grant date for stock options (3,126 shares, $79.73 exercise price) |
| 03/11/2026 | Grant date for stock options (1,935 shares, $82.39 exercise price) |
| 03/12/2026 | Transaction date for common stock disposition |
| 03/11/2029 | Expiration date for stock options granted 03/11/2020 |
| 03/11/2030 | Expiration date for stock options granted 03/11/2021 |
| 03/11/2031 | Expiration date for stock options granted 03/11/2022 |
| 03/15/2032 | Expiration date for stock options granted 03/15/2023 |
| 03/06/2033 | Expiration date for stock options granted 03/06/2024 |
| 03/11/2034 | Expiration date for stock options granted 03/11/2025 |
| 03/11/2035 | Expiration date for stock options granted 03/11/2026 |
Recommendation
holdThe filing reports a routine, non-discretionary sale of shares by an executive to cover tax withholding obligations. This type of transaction does not reflect a change in the executive's confidence in the company's future prospects or fundamental performance, and therefore, does not warrant a change in investment recommendation based solely on this filing.
Keywords
AAON, insider transaction, Form 4, executive compensation, share disposition, tax withholding, stock options
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