Form 4: AAON Inc. Director Norman H. Asbjornson Reports Changes in Beneficial Ownership
SEC Form 4
Director Norman H. Asbjornson reports changes in beneficial ownership of AAON Inc. stock, including gifts and holdings in trusts and retirement plans.
Summary
- On March 14, 2025, Norman H. Asbjornson, a director and 10% owner of AAON Inc., reported changes in his beneficial ownership of the company's common stock.
- These changes include gifts of common stock and adjustments in holdings through trusts, a private foundation, and a 401(k) plan.
- Asbjornson directly owns 95,970 shares of common stock.
- He indirectly owns 11,755,758 shares through trusts, 1,424,949 shares through a private foundation, and 10,769 shares through a 401(k) plan.
- Asbjornson also holds stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. They are closely watched by investors seeking to understand management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a key insider.
- Changes in ownership by significant shareholders can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/12/2022 | Date of grant for multiple stock option tranches. |
| 02/22/2027 | Expiration date for stock options with an exercise price of $22.93. |
| 01/02/2028 | Expiration date for stock options with an exercise price of $24.63. |
| 03/11/2029 | Expiration date for stock options with an exercise price of $27.58. |
| 03/11/2030 | Expiration date for stock options with an exercise price of $29.48. |
| 03/11/2031 | Expiration date for stock options with an exercise price of $48.91. |
| 03/14/2025 | Date of the reported transactions (gifts of stock). |
| 03/17/2025 | Date of signature on the Form 4 filing. |
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