Form 4: AAON Inc. Executive Vice President Reports Stock Transaction
SEC Form 4 Filing
Stephen E. Wakefield, Executive Vice President of AAON, Inc., reports a disposition of shares to cover tax obligations, while maintaining significant holdings in company stock and options.
Summary
- On March 6, 2025, Stephen E. Wakefield, an Executive Vice President at AAON, Inc., reported a transaction involving the company's common stock.
- Wakefield disposed of 192 shares of common stock at a price of $81.25 per share to cover tax obligations.
- Following the transaction, Wakefield directly owns 10,273 shares of AAON common stock.
- Wakefield also indirectly owns 11,071 shares through a 401(k) plan.
- Wakefield holds options to purchase 12,696 shares at $29.48, 2,646 shares at $36.13, 2,984 shares at $62.04 and 3,798 shares at $79.73.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports a routine stock transaction by an executive. There is no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that an executive is managing their personal investment portfolio, which can be influenced by tax planning and diversification strategies.
Comparison to Industry Standards
- Executive stock transactions are common across publicly traded companies.
- The size and frequency of these transactions vary depending on the executive's compensation package, company performance, and individual financial planning.
- Comparable companies such as Carrier Global, Trane Technologies, and Johnson Controls also have executives who regularly report stock transactions via Form 4 filings.
- These filings are publicly available and allow investors to track insider activity, which can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/11/2021 | Date exercisable for stock options at $29.48, expiring 03/11/2030 |
| 03/15/2023 | Date exercisable for stock options at $36.13, expiring 03/15/2032 |
| 03/06/2024 | Date exercisable for stock options at $62.04, expiring 03/06/2033 |
| 03/06/2025 | Date of stock transaction where 192 shares were disposed of at $81.25 per share. |
| 03/11/2025 | Date exercisable for stock options at $79.73, expiring 03/11/2034 |
| 03/10/2025 | Date of signature for the Form 4 filing. |
| 03/11/2030 | Expiration date for stock options at $29.48 |
| 03/15/2032 | Expiration date for stock options at $36.13 |
| 03/06/2033 | Expiration date for stock options at $62.04 |
| 03/11/2034 | Expiration date for stock options at $79.73 |
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