Form 4: AAON Inc. Executive Director Wichman Reports Stock Transactions
SEC Form 4
Executive Director Gordon Douglas Wichman reports stock transactions related to vested performance restricted stock units and tax withholdings.
Summary
- On January 28, 2025, Gordon Douglas Wichman, an Executive Director of AAON, INC., reported transactions involving AAON's common stock.
- These transactions include the vesting of 6,017 performance restricted stock units at 196% of the performance target, resulting in the acquisition of shares at a price of $111.77.
- 1,536 shares were disposed of to cover the reporting person's tax liability at a price of $111.77.
- Following these transactions, Wichman directly owns 12,428 shares of common stock and indirectly owns 3,769 shares through a 401(k) plan.
- Wichman also holds various stock options to buy common stock at prices ranging from $21.58 to $79.73, with expiration dates between 2028 and 2034.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The vesting of performance-based equity at above target levels is a positive indicator. The transactions themselves are routine.
Positives
- The vesting of performance restricted stock units at 196% suggests strong company performance relative to targets.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the executive's holdings and recent trading activity.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, and restricted stock units.
- The vesting of performance-based equity awards is a common practice to align executive incentives with company performance.
- Tax withholding on vested equity is a standard procedure.
Stakeholder Impact
- The vesting of performance-based equity can be viewed positively by shareholders as it aligns executive compensation with company performance.
Key Dates
| Date | Description |
|---|---|
| 10/23/2019 | Date of Stock Option grant with exercise price of $21.58 and expiration date of 10/23/2028 |
| 03/11/2020 | Date of Stock Option grant with exercise price of $27.58 and expiration date of 03/11/2029 |
| 03/11/2021 | Date of Stock Option grant with exercise price of $29.48 and expiration date of 03/11/2030 |
| 03/11/2022 | Date of Stock Option grant with exercise price of $48.91 and expiration date of 03/11/2031 |
| 03/15/2022 | Date of grant for performance restricted stock units that vested on 01/28/2025 |
| 03/15/2023 | Date of Stock Option grant with exercise price of $36.13 and expiration date of 03/15/2032 |
| 03/06/2024 | Date of Stock Option grant with exercise price of $62.04 and expiration date of 03/06/2033 |
| 03/11/2025 | Date of Stock Option grant with exercise price of $79.73 and expiration date of 03/11/2034 |
| 01/28/2025 | Date of reported stock transactions, including vesting of performance restricted stock units and tax withholdings. |
| 01/29/2025 | Date of signature for the Form 4 filing. |
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