Form 4: AAON Inc. VP Robert Teis Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Robert Teis, VP of Business Technology at AAON, Inc., sold 238 shares of common stock on April 18, 2024, to cover tax obligations related to stock options.
Summary
- On April 18, 2024, Robert Teis, VP of Business Technology at AAON, Inc., sold 238 shares of AAON common stock.
- The sale was executed at a price of $85.24 per share.
- This transaction was to cover tax obligations.
- Following the transaction, Teis directly owns 14,047 shares of AAON common stock.
- Teis also indirectly owns 2,107 shares through a 401(k) plan.
- Teis holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The stock sale by a company insider could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 02/28/2019 | Date of exercisable for stock options with an expiration date of 02/28/2028 and an exercise price of $24.5 |
| 03/11/2020 | Date of exercisable for stock options with an expiration date of 03/11/2029 and an exercise price of $27.58 |
| 03/11/2021 | Date of exercisable for stock options with an expiration date of 03/11/2030 and an exercise price of $29.48 |
| 03/11/2022 | Date of exercisable for stock options with an expiration date of 03/11/2031 and an exercise price of $48.91 |
| 09/02/2023 | Date of exercisable for stock options with an expiration date of 09/02/2032 and an exercise price of $38.01 |
| 03/06/2024 | Date of exercisable for stock options with an expiration date of 03/06/2033 and an exercise price of $62.03 |
| 03/11/2025 | Date of exercisable for stock options with an expiration date of 03/11/2034 and an exercise price of $79.73 |
| 04/18/2024 | Date of the stock sale transaction. |
| 04/22/2024 | Date of signature on the Form 4 filing. |
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