Form 4: AAON Inc. Executive Robert Teis Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Robert Teis, VP of Business Technology at AAON, Inc., sold 28 shares of common stock on August 30, 2024, to cover tax obligations related to stock options.
Summary
- On August 30, 2024, Robert Teis, VP of Business Technology at AAON, Inc., reported a transaction involving the company's stock.
- Teis sold 28 shares of common stock at a price of $95.51 per share.
- This transaction was executed to cover tax obligations.
- Following the transaction, Teis directly owns 14,019 shares and indirectly owns 2,127 shares through a 401(k) plan.
- Teis also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning, including covering tax obligations related to equity compensation. The sale itself is small and unlikely to have a significant impact on the overall market for AAON shares.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units, leading to periodic sales to manage personal finances.
- Companies like Johnson Controls, Carrier Global, and Trane Technologies, which operate in similar industries, also see regular Form 4 filings from their executives.
- The size of the sale (28 shares) is relatively small compared to the total outstanding shares of AAON, suggesting it's a routine transaction.
Stakeholder Impact
- The impact on shareholders is likely minimal, given the small size of the transaction relative to the company's overall market capitalization.
Key Dates
| Date | Description |
|---|---|
| 02/28/2019 | Date exercisable for stock options with an exercise price of $24.5 |
| 02/28/2028 | Expiration date for stock options with an exercise price of $24.5 |
| 03/11/2020 | Date exercisable for stock options with an exercise price of $27.58 |
| 03/11/2029 | Expiration date for stock options with an exercise price of $27.58 |
| 03/11/2021 | Date exercisable for stock options with an exercise price of $29.48 |
| 03/11/2030 | Expiration date for stock options with an exercise price of $29.48 |
| 03/11/2022 | Date exercisable for stock options with an exercise price of $48.91 |
| 03/11/2031 | Expiration date for stock options with an exercise price of $48.91 |
| 09/02/2023 | Date exercisable for stock options with an exercise price of $38.01 |
| 09/02/2032 | Expiration date for stock options with an exercise price of $38.01 |
| 03/06/2024 | Date exercisable for stock options with an exercise price of $62.03 |
| 03/06/2033 | Expiration date for stock options with an exercise price of $62.03 |
| 03/11/2025 | Date exercisable for stock options with an exercise price of $79.73 |
| 03/11/2034 | Expiration date for stock options with an exercise price of $79.73 |
| 08/30/2024 | Date of the stock sale transaction |
| 09/03/2024 | Date of signature for the Form 4 filing |
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