Form 4: AAON Inc. Director Norman H. Asbjornson Reports Changes in Beneficial Ownership

Director Norman H. Asbjornson reports a gift transaction and updates to beneficial ownership of AAON, Inc. stock and derivative securities.

Summary

• On June 20, 2024, Norman H. Asbjornson, a director and 10% owner of AAON, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The filing indicates a gift of 21,575 shares of common stock.
• Asbjornson directly owns 16,157 shares of common stock.
• Asbjornson indirectly owns 1,552,354 shares through a private foundation, 11,808,547 shares as trustee of trusts, and 10,744 shares through a 401(k) plan.
• Asbjornson also holds multiple stock options with varying exercise prices and expiration dates, totaling 756,962 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies like AAON, similar to filings made by insiders at companies like Carrier Global (CARR), Trane Technologies (TT), and Johnson Controls (JCI).
• The level of detail provided in this filing is consistent with SEC requirements and industry norms for insider transaction reporting.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a key insider.
• The gift of shares may have a minor impact on the overall share supply.

Key Dates