Form 4: AAON, INC. CEO Gary D. Fields Executes Stock Option and Sells Shares
SEC Form 4 Filing
CEO Gary D. Fields exercised stock options and sold shares of AAON, INC. on May 22, 2024.
Summary
- On May 22, 2024, Gary D. Fields, CEO of AAON, INC., exercised stock options to acquire 28,200 shares of common stock at a price of $27.58 per share.
- Simultaneously, Fields sold 28,200 shares of AAON, INC. common stock at a weighted average price of $76.13 per share, in a series of transactions with prices ranging from $76.00 to $76.79.
- Following these transactions, Fields directly owns 64,295 shares of AAON, INC. common stock.
- Fields also indirectly owns 6,750 shares as custodian for his grandchildren and 5,413 shares through a 401(k) plan.
- Fields continues to hold various stock options for AAON, INC. shares at exercise prices ranging from $29.48 to $79.73, with expiration dates extending to March 11, 2034.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. The market will likely interpret this as a standard part of executive compensation and portfolio management.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The exercise and sale of shares are typical activities for executives to diversify their holdings and realize gains from stock options.
- Companies like Johnson Controls, Carrier Global, and Trane Technologies also have executives who regularly report similar transactions.
Stakeholder Impact
- Shareholders may view the CEO's stock sale as a standard part of executive compensation and portfolio management.
- The transactions do not appear to have any immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/11/2020 | Date of exercisable stock options that expire on 03/11/2029 |
| 03/11/2021 | Date of exercisable stock options that expire on 03/11/2030 |
| 05/12/2021 | Date of exercisable stock options that expire on 05/12/2030 |
| 03/11/2022 | Date of exercisable stock options that expire on 03/11/2031 |
| 03/15/2023 | Date of exercisable stock options that expire on 03/15/2032 |
| 03/06/2024 | Date of exercisable stock options that expire on 03/06/2033 |
| 03/11/2025 | Date of exercisable stock options that expire on 03/11/2034 |
| 05/22/2024 | Date of transaction: CEO exercised stock options and sold shares. |
| 05/23/2024 | Date of signature on the SEC Form 4. |
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