Form 4: AAON Inc. Executive Robert Teis Reports Stock Transactions
SEC Form 4
Robert Teis, VP of Business Technology at AAON, Inc., reports the acquisition and disposal of company stock, including shares acquired through stock awards and sold to cover tax obligations.
Summary
- On March 11, 2024, Robert Teis, VP of Business Technology at AAON, Inc., reported transactions involving AAON's common stock.
- Teis disposed of 376 shares at $79.73 to cover tax obligations.
- He also acquired 780 shares through a stock award under the company's 2016 Long Term Incentive Plan.
- Following these transactions, Teis directly owns 14,374 shares and indirectly owns 2,105 shares through a 401(k) plan.
- Teis also holds options to buy various amounts of common stock at prices ranging from $24.50 to $79.73, with expiration dates between 2028 and 2034.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions are routine and related to compensation and tax obligations.
Positives
- The acquisition of 780 shares through a stock award indicates confidence in the company's future performance.
Negatives
- The disposal of 376 shares, although for tax obligations, could be perceived negatively by some investors.
Risks
- Executive stock transactions can sometimes be misinterpreted by the market, leading to short-term price volatility.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation and incentive plans.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/28/2019 | Date of stock option grant with an exercise price of $24.5 and expiration date of 02/28/2028. |
| 03/11/2020 | Date of stock option grant with an exercise price of $27.58 and expiration date of 03/11/2029. |
| 03/11/2021 | Date of stock option grant with an exercise price of $29.48 and expiration date of 03/11/2030. |
| 03/11/2022 | Date of stock option grant with an exercise price of $48.91 and expiration date of 03/11/2031. |
| 09/02/2023 | Date of stock option grant with an exercise price of $38.01 and expiration date of 09/02/2032. |
| 03/06/2024 | Date of stock option grant with an exercise price of $62.03 and expiration date of 03/06/2033. |
| 03/11/2024 | Date of reported transactions: disposal of 376 shares and acquisition of 780 shares. |
| 03/11/2025 | Date of stock option grant with an exercise price of $79.73 and expiration date of 03/11/2034. |
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