Form 4: AAON Inc. Director Norman H. Asbjornson Reports Stock Transactions
SEC Form 4
Director Norman H. Asbjornson reports a gift of AAON Inc. common stock and updates beneficial ownership.
Summary
- On May 6, 2025, Norman H. Asbjornson, a director and 10% owner of AAON, INC., reported a transaction involving the company's common stock.
- Asbjornson gifted 135,659 shares of common stock.
- Following the transaction, Asbjornson directly owns 95,970 shares.
- Asbjornson also indirectly owns 1,289,290 shares through a private foundation, 11,755,758 shares as trustee of trusts, and 10,783 shares through a 401(k) plan.
- Asbjornson also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting a transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The gift of shares could slightly dilute existing shareholders' ownership, although the impact is likely minimal given the size of the transaction relative to the total outstanding shares.
- The filing provides transparency to stakeholders regarding insider transactions.
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. |
| 05/06/2025 | Date of the reported transaction (gift of common stock). |
| 05/07/2025 | Date of signature on the Form 4 filing. |
Keywords
AAON, Asbjornson, Beneficial Ownership, Stock Options, Common Stock, Director, Form 4
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