Form 4: AAON Inc. Director Norman H. Asbjornson Reports Gift of Shares to Private Foundation
SEC Form 4 Filing
Director Norman H. Asbjornson reports a gift of AAON Inc. shares to a private foundation and updates beneficial ownership.
Summary
- On October 11, 2024, Norman H. Asbjornson, a director and 10% owner of AAON, Inc., reported a transaction involving the gifting of 27,045 shares of common stock to a private foundation.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Asbjornson directly owns 52,324 shares and indirectly owns 1,424,949 shares through a private foundation, 11,808,547 shares as trustee of trusts, and 10,763 shares through a 401(k) plan.
- Asbjornson also holds various stock options to purchase AAON common stock at prices ranging from $13.95 to $48.91, with expiration dates between January 26, 2026, and March 11, 2031.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and expected. It provides transparency into the ownership structure of AAON, Inc.
Related Party Transactions
- The gift of shares to a private foundation is a related party transaction.
Stakeholder Impact
- The transaction itself is unlikely to have a significant impact on stakeholders.
- The disclosure provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/12/2022 | Date of grant for multiple stock options with varying exercise prices and expiration dates. |
| 10/11/2024 | Date of the transaction involving the gift of shares to a private foundation. |
| 10/15/2024 | Date of signature on the Form 4 filing. |
| 01/26/2026 | Expiration date of one of the stock option grants. |
| 02/22/2027 | Expiration date of one of the stock option grants. |
| 01/02/2028 | Expiration date of one of the stock option grants. |
| 03/11/2029 | Expiration date of one of the stock option grants. |
| 03/11/2030 | Expiration date of one of the stock option grants. |
| 03/11/2031 | Expiration date of one of the stock option grants. |
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