Form 4: AAON Inc. Executive Robert Teis Reports Stock Sale to Cover Tax Obligations
SEC Form 4
Robert Teis, VP of Business Technology at AAON, Inc., sold 89 shares of common stock on March 15, 2024, to cover tax obligations related to stock options.
Summary
- On March 15, 2024, Robert Teis, VP of Business Technology at AAON, Inc., reported a transaction involving the company's stock.
- Teis sold 89 shares of common stock at a price of $82.45 per share to cover tax obligations.
- Following the transaction, Teis directly owns 14,285 shares of AAON common stock.
- Teis also indirectly owns 2,105 shares through a 401(k) plan.
- Teis holds options to purchase a total of 63,531 shares of AAON common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of stock to cover tax obligations and doesn't necessarily reflect a change in the executive's outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a company executive is selling shares, which can sometimes be interpreted as a lack of confidence in the company's future prospects, but in this case, it is explicitly stated to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2019 | Date of exercisable for stock options with an expiration date of 02/28/2028 and an exercise price of $24.50. |
| 03/11/2020 | Date of exercisable for stock options with an expiration date of 03/11/2029 and an exercise price of $27.58. |
| 03/11/2021 | Date of exercisable for stock options with an expiration date of 03/11/2030 and an exercise price of $29.48. |
| 03/11/2022 | Date of exercisable for stock options with an expiration date of 03/11/2031 and an exercise price of $48.91. |
| 09/02/2023 | Date of exercisable for stock options with an expiration date of 09/02/2032 and an exercise price of $38.01. |
| 03/06/2024 | Date of exercisable for stock options with an expiration date of 03/06/2033 and an exercise price of $62.03. |
| 03/11/2025 | Date of exercisable for stock options with an expiration date of 03/11/2034 and an exercise price of $79.73. |
| 03/15/2024 | Date of the stock sale transaction. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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