Form 4: AAON, INC.: Executive Director Wichman Reports Transactions in Company Stock
SEC Form 4 Filing
Executive Director Gordon Douglas Wichman reports acquisition and disposal of AAON, INC. stock, including shares withheld for tax obligations and stock awards.
Summary
- On March 11, 2025, Gordon Douglas Wichman, an Executive Director of AAON, INC., reported transactions involving the company's common stock.
- Wichman disposed of 141 shares of common stock at a price of $82.39 per share to cover tax obligations.
- He also acquired 672 shares of common stock as part of a stock award under the Issuer's 2024 Long Term Incentive Plan.
- Following these transactions, Wichman directly owns 12,857 shares of common stock and indirectly owns 4,068 shares through a 401(k) plan.
- Wichman also holds various stock options with exercise prices ranging from $21.58 to $82.39, exercisable at different dates in the future.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing detailing stock transactions. There's no inherent positive or negative implication.
Positives
- The granting of stock awards under the 2024 Long Term Incentive Plan could be seen as a positive sign, aligning executive interests with shareholder value.
Future Outlook
The stock award vests ratably on each of the first three anniversaries of the grant date.
Industry Context
This filing is a routine disclosure required by the SEC for insiders, and it provides transparency into the transactions of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The information disclosed is consistent with what is expected for executive stock transactions.
- Comparable companies like Carrier Global or Trane Technologies would have similar filings when their executives trade company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting or increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 10/23/2019 | Date of Stock Option (Right to Buy) with expiration date 10/23/2028 and exercise price of $21.58 |
| 03/11/2020 | Date of Stock Option (Right to Buy) with expiration date 03/11/2029 and exercise price of $27.58 |
| 03/11/2021 | Date of Stock Option (Right to Buy) with expiration date 03/11/2030 and exercise price of $29.48 |
| 03/11/2022 | Date of Stock Option (Right to Buy) with expiration date 03/11/2031 and exercise price of $48.91 |
| 03/15/2023 | Date of Stock Option (Right to Buy) with expiration date 03/15/2032 and exercise price of $36.13 |
| 03/06/2024 | Date of Stock Option (Right to Buy) with expiration date 03/06/2033 and exercise price of $62.04 |
| 03/11/2025 | Date of transaction: Disposal of 141 shares and acquisition of 672 shares; Date of Stock Option (Right to Buy) with expiration date 03/11/2034 and exercise price of $79.73 |
| 03/11/2026 | Date of Stock Option (Right to Buy) with expiration date 03/11/2035 and exercise price of $82.39 |
| 03/13/2025 | Date of signature for the report. |
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