Form 4: AAON Inc. Director Norman H. Asbjornson Reports Gift Transactions
SEC Form 4
Director Norman H. Asbjornson reported gifting AAON Inc. common stock from a trust to a private foundation and to third-party recipients on May 23, 2024.
Summary
- On May 23, 2024, Norman H. Asbjornson, a director and 10% owner of AAON Inc., executed gift transactions involving the company's common stock.
- A gift of 1,321,354 shares was made from a 'Trustee of Trust' to a 'Private Foundation'.
- An additional gift of 59,593 shares was made to third-party recipients.
- These transactions did not involve any monetary exchange, with the price per share listed as $0 for both gifts.
- Following these transactions, Asbjornson directly owns 16,157 shares and indirectly owns 1,552,354 shares through a private foundation, 11,830,122 shares as trustee of trusts, and 10,744 shares through a 401(k) plan.
- Asbjornson also holds various stock options to purchase AAON Inc. common stock at prices ranging from $13.95 to $48.91, with expiration dates between 2025 and 2031.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing gift transactions. It doesn't inherently convey positive or negative sentiment regarding the company's performance or outlook.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends. It provides transparency regarding the holdings and transactions of a key company insider.
Stakeholder Impact
- The gift to the private foundation could have a positive impact on the foundation's beneficiaries.
- The gifts to third-party recipients represent a transfer of wealth from the reporting person.
Key Dates
| Date | Description |
|---|---|
| 05/12/2022 | Date of grant for various stock options with different expiration dates and exercise prices. |
| 05/23/2024 | Date of the gift transactions involving AAON Inc. common stock. |
| 05/24/2024 | Date of signature for the Form 4 filing. |
| 02/26/2025 | Expiration date of one set of stock options. |
| 01/26/2026 | Expiration date of one set of stock options. |
| 02/22/2027 | Expiration date of one set of stock options. |
| 01/02/2028 | Expiration date of one set of stock options. |
| 03/11/2029 | Expiration date of one set of stock options. |
| 03/11/2030 | Expiration date of one set of stock options. |
| 03/11/2031 | Expiration date of one set of stock options. |
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