Form 4: AAON Inc. Executive Transactions: Gazder's Stock Movements and Option Grants
Executive Stock Transaction Filing
This document details stock transactions and option grants for AAON Inc.'s former CIO, Xerxes P Gazder, including share transfers and option exercises.
Summary
- This filing reports several transactions involving Xerxes P Gazder, the former CIO of AAON, Inc.
- On December 6, 2024, Mr. Gazder transferred 392 shares of common stock into a personal IRA account.
- Also on December 6, 2024, another 392 shares were transferred into an IRA account.
- On December 9, 2024, 1,225 shares were transferred into a 401(k) plan.
- Another 1,225 shares were transferred into a 401(k) plan on December 9, 2024.
- Mr. Gazder also exercised stock options, including 2,240 shares at a price of $34.82 granted on July 18, 2023, and 947 shares at a price of $62.04 granted on March 6, 2024.
- All options expire on February 28, 2025.
- The transfer of shares into the IRA account was completed on December 10, 2024.
Sentiment
Score: 7
Explanation: The document is neutral in tone, detailing standard executive transactions. There is no indication of positive or negative sentiment, but the information is important for investors to track.
Industry Context
This type of filing is standard for publicly traded companies and provides transparency into executive stock transactions. It is common for executives to exercise stock options and transfer shares into retirement accounts.
Comparison to Industry Standards
- Executive stock option grants and exercises are a common practice across publicly traded companies, particularly in the technology and manufacturing sectors.
- The vesting schedules and exercise prices are typical for executive compensation packages.
- Companies like Carrier Global and Trane Technologies, which are also in the HVAC industry, often have similar stock-based compensation plans for their executives.
Stakeholder Impact
- Shareholders can monitor executive stock transactions for insights into management's perspective on the company's value.
- The transactions do not have a direct impact on employees, customers, or suppliers.
Key Dates
| Date | Description |
|---|---|
| 2023-07-18 | Grant date for stock options at $34.82 per share. |
| 2024-03-06 | Grant date for stock options at $62.04 per share. |
| 2024-12-06 | Transfer of 784 shares into IRA accounts. |
| 2024-12-09 | Transfer of 2,450 shares into a 401(k) plan. |
| 2024-12-10 | Transfer of shares into IRA account completed. |
| 2025-02-28 | Expiration date for all stock options. |
Keywords
AAON Inc., stock transactions, stock options, executive compensation, insider trading, Xerxes P Gazder, IRA, 401(k)
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