Form 4: AAON EVP Wichman Reports Stock Vesting, Tax Withholding
Insider Transaction Report
AAON Executive Vice President Gordon Douglas Wichman reported the vesting of performance restricted stock units and related tax withholding transactions.
Summary
- Gordon Douglas Wichman, Executive Vice President of AAON, Inc., reported transactions involving AAON common stock on January 30, 2026.
- On this date, 1,478 shares and 726 shares of common stock were acquired through the vesting of performance restricted stock units.
- These units, granted in 2023, vested at 83.2% of the performance target, as determined by the Compensation Committee on January 21, 2026.
- Concurrently, 439 shares and 200 shares were disposed of at $95.64 per share to cover tax liabilities related to the vesting.
- Following these transactions, Wichman directly beneficially owns 10,319 shares of AAON common stock.
- Additionally, Wichman indirectly beneficially owns 4,119 shares through a 401(k) Plan.
- Wichman also holds several stock options with exercise prices ranging from $27.58 to $82.39 and expiration dates between March 11, 2029, and March 11, 2035.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive filing, reflecting the achievement of performance targets for executive compensation and a standard insider transaction for tax purposes, indicating continued alignment of executive interests with shareholders.
Positives
- The vesting of performance restricted stock units indicates the achievement of performance targets by the company, albeit at 83.2% of the target.
- The Executive Vice President continues to hold a significant number of shares and options, aligning his interests with shareholders.
Negatives
- A portion of vested shares was sold to cover tax liabilities, which is a common practice but reduces direct ownership.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider transactions like these are routine for executives receiving equity compensation. The vesting of performance-based restricted stock units suggests that AAON met a significant portion of its internal performance targets, which is generally a positive indicator for the company's operational health within the HVAC industry.
Stakeholder Impact
- Shareholders: The vesting of performance-based equity awards suggests the company met performance goals, which is generally positive. The executive's continued significant ownership aligns interests.
- Employees: The compensation structure for executives, including performance-based awards, can influence overall company culture and compensation philosophy.
Key Dates
| Date | Description |
|---|---|
| 03/11/2020 | Grant date for stock options with an exercise price of $27.58. |
| 03/11/2021 | Grant date for stock options with an exercise price of $29.48. |
| 03/11/2022 | Grant date for stock options with an exercise price of $48.91. |
| 03/15/2023 | Grant date for stock options with an exercise price of $36.13. |
| 03/06/2024 | Grant date for stock options with an exercise price of $62.04. |
| 03/11/2025 | Grant date for stock options with an exercise price of $79.73. |
| 01/21/2026 | Compensation Committee determined performance restricted stock units granted in 2023 vested at 83.2% of target. |
| 01/30/2026 | Transaction date for vesting and tax withholding of common stock. |
| 02/03/2026 | Signature date of the reporting person on the Form 4. |
| 03/11/2026 | Grant date for stock options with an exercise price of $82.39. |
| 03/11/2029 | Expiration date for stock options granted on 03/11/2020. |
| 03/11/2030 | Expiration date for stock options granted on 03/11/2021. |
| 03/11/2031 | Expiration date for stock options granted on 03/11/2022. |
| 03/15/2032 | Expiration date for stock options granted on 03/15/2023. |
| 03/06/2033 | Expiration date for stock options granted on 03/06/2024. |
| 03/11/2034 | Expiration date for stock options granted on 03/11/2025. |
| 03/11/2035 | Expiration date for stock options granted on 03/11/2026. |
Recommendation
holdThis Form 4 filing details routine executive compensation events (vesting of restricted stock units and subsequent tax withholding) and does not provide new fundamental information about AAON's operational or financial performance that would warrant a change in investment stance. The vesting at 83.2% of target is a positive signal regarding past performance, but the transaction itself is expected and does not alter the investment thesis significantly. Therefore, a 'hold' recommendation is appropriate, maintaining current positions while awaiting more comprehensive financial reports.
Keywords
AAON, Gordon Douglas Wichman, Form 4, Insider Trading, Stock Vesting, Restricted Stock Units, Executive Compensation, AAON Stock, SEC Filing
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