Form 4: AAON, INC. CEO Gary D. Fields Reports Stock Transactions
SEC Form 4
Gary D. Fields, CEO of AAON, INC., reports exercising stock options and selling shares on August 6, 2024.
Summary
- On August 6, 2024, Gary D. Fields, the CEO of AAON, INC., exercised stock options to acquire 51,648 shares of common stock at a price of $29.48 per share.
- Following the exercise, Fields disposed of 31,007 shares to cover taxes at $86.44 per share and sold 20,641 shares at a weighted average price of $86.21 per share.
- After these transactions, Fields directly owns 64,295 shares of AAON common stock.
- Fields also indirectly owns 6,750 shares as custodian for his grandchildren and 5,418 shares through a 401(k) plan.
- He continues to hold options to purchase additional shares at various exercise prices.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by an executive. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to exercise stock options and sell a portion of the acquired shares to cover taxes and diversify their holdings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in the number of shares available in the market.
Key Dates
| Date | Description |
|---|---|
| 03/11/2021 | Date exercisable for Stock Option (Right to Buy) at $29.48 |
| 05/12/2021 | Date exercisable for Stock Option (Right to Buy) at $31.69 |
| 03/11/2022 | Date exercisable for Stock Option (Right to Buy) at $48.91 |
| 03/15/2023 | Date exercisable for Stock Option (Right to Buy) at $36.13 |
| 03/06/2024 | Date exercisable for Stock Option (Right to Buy) at $62.03 |
| 08/06/2024 | CEO exercised stock options and sold shares. |
| 03/11/2025 | Date exercisable for Stock Option (Right to Buy) at $79.73 |
| 03/11/2030 | Expiration date for Stock Option (Right to Buy) at $29.48 |
| 05/12/2030 | Expiration date for Stock Option (Right to Buy) at $31.69 |
| 03/11/2031 | Expiration date for Stock Option (Right to Buy) at $48.91 |
| 03/15/2032 | Expiration date for Stock Option (Right to Buy) at $36.13 |
| 03/06/2033 | Expiration date for Stock Option (Right to Buy) at $62.03 |
| 03/11/2034 | Expiration date for Stock Option (Right to Buy) at $79.73 |
| 08/08/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.