Form 4: AAON Inc. Executive Robert Teis Sells Shares and Reports Stock Option Holdings
SEC Form 4 Filing
AAON Inc.'s VP of Business Technology, Robert Teis, sold 3,369 shares of common stock at an average price of $136.29 and reported holdings of various stock options.
Summary
- Robert Teis, VP of Business Technology at AAON Inc., sold 3,369 shares of common stock on November 12, 2024, at a weighted average price of $136.29.
- The sale was executed in multiple trades with prices ranging from $135.70 to $136.77.
- Following the transaction, Teis directly owns 10,650 shares of AAON common stock.
- Teis also indirectly owns 2,128 shares through a 401(k) plan.
- The filing also details Teis' holdings of various stock options, with exercise prices ranging from $24.50 to $79.73 and expiration dates extending to 2034.
Sentiment
Score: 5
Explanation: The document is a routine filing of an insider transaction, and does not indicate any positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company executives.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The reported transactions are typical for executives who hold stock options and shares in their company.
- The sale of shares by an executive is not uncommon and can be for various personal financial reasons.
Stakeholder Impact
- The sale of shares by an executive may have a minor impact on shareholder sentiment, but is generally considered a normal part of executive compensation and personal financial planning.
Key Dates
| Date | Description |
|---|---|
| 02/28/2019 | Date of exercisable stock options with an exercise price of $24.50. |
| 03/11/2020 | Date of exercisable stock options with an exercise price of $27.58. |
| 03/11/2021 | Date of exercisable stock options with an exercise price of $29.48. |
| 03/11/2022 | Date of exercisable stock options with an exercise price of $48.91. |
| 09/02/2023 | Date of exercisable stock options with an exercise price of $38.01. |
| 03/06/2024 | Date of exercisable stock options with an exercise price of $62.03. |
| 11/12/2024 | Date of the sale of 3,369 shares of common stock. |
| 03/11/2025 | Date of exercisable stock options with an exercise price of $79.73. |
Keywords
AAON, stock options, insider trading, executive, share sale, Form 4, Robert Teis
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