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 164 shares of common stock on March 6, 2024, to cover tax obligations related to vested stock.
Summary
- On March 6, 2024, Robert Teis, VP of Business Technology at AAON, Inc., reported a transaction involving the company's common stock.
- Teis sold 164 shares of common stock at a price of $81 per share to cover tax obligations.
- Following the transaction, Teis directly owns 13,970 shares of AAON, Inc. common stock.
- Teis also indirectly owns 2,105 shares through a 401(k) plan.
- Teis holds multiple stock options with various exercise prices and expiration dates, representing the right to buy a total of 60,201 shares of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock sale for tax purposes. It doesn't indicate any positive or negative outlook for the company.
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 sale of shares by an executive could have a marginal negative impact on shareholder sentiment, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2019 | Date of exercisable for stock options with an exercise price of $24.5 and an expiration date of 02/28/2028. |
| 03/11/2020 | Date of exercisable for stock options with an exercise price of $27.58 and an expiration date of 03/11/2029. |
| 03/11/2021 | Date of exercisable for stock options with an exercise price of $29.48 and an expiration date of 03/11/2030. |
| 03/11/2022 | Date of exercisable for stock options with an exercise price of $48.91 and an expiration date of 03/11/2031. |
| 09/02/2023 | Date of exercisable for stock options with an exercise price of $38.01 and an expiration date of 09/02/2032. |
| 03/06/2024 | Date of transaction: Robert Teis sold 164 shares of AAON common stock at $81 per share; Date of exercisable for stock options with an exercise price of $62.03 and an expiration date of 03/06/2033. |
| 03/08/2024 | Date of signature for the Form 4 filing by Robert Teis. |
| 02/28/2028 | Expiration date for stock options with an exercise price of $24.5. |
| 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. |
| 09/02/2032 | Expiration date for stock options with an exercise price of $38.01. |
| 03/06/2033 | Expiration date for stock options with an exercise price of $62.03. |
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