Form 4: AAON Inc. Director Norman H. Asbjornson Reports Share Transactions
SEC Form 4 Filing
Director Norman H. Asbjornson of AAON Inc. reported a gift of 51,165 common shares and holdings of over 13 million shares through various entities.
Summary
- Norman H. Asbjornson, a director at AAON Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On December 16, 2024, Mr. Asbjornson gifted 51,165 shares of AAON common stock.
- Following this transaction, Mr. Asbjornson directly owns 52,324 shares.
- He also indirectly controls 11,757,382 shares through trusts, 1,424,949 shares through a private foundation, and 10,763 shares through a 401(k) plan.
- Mr. Asbjornson also holds multiple stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings of company directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
- The level of detail provided in this filing is consistent with SEC requirements for reporting changes in beneficial ownership.
- The stock option grants are typical for executive compensation packages in similar companies.
Stakeholder Impact
- This filing provides transparency to shareholders regarding the holdings of a key company director.
- The transaction itself is unlikely to have a significant impact on the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 05/12/2022 | Date of grant for multiple stock options with varying exercise prices and expiration dates. |
| 12/16/2024 | Date of the reported gift of 51,165 common shares. |
| 01/26/2026 | Expiration date of one of the stock options. |
| 02/22/2027 | Expiration date of one of the stock options. |
| 03/11/2029 | Expiration date of one of the stock options. |
| 03/11/2030 | Expiration date of one of the stock options. |
| 03/11/2031 | Expiration date of one of the stock options. |
Keywords
AAON, Form 4, Beneficial Ownership, Director, Stock Options, Share Transactions, Norman H. Asbjornson
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