Form 4: A. O. Smith CEO Kevin J. Wheeler Reports Stock Transactions
SEC Form 4
Kevin J. Wheeler, Chairman and CEO of A. O. Smith Corporation, reports the vesting and disposal of restricted stock units to cover tax obligations, as well as the grant of new restricted stock units.
Summary
- On February 7, 2025, Kevin J. Wheeler, Chairman and CEO of A. O. Smith Corporation, reported transactions involving the company's stock.
- 20,440 restricted stock units vested and were converted into common stock.
- Wheeler disposed of 9,664 shares of common stock at $65.65 to satisfy tax withholding requirements.
- Following these transactions, Wheeler directly owns 100,647 shares of A. O. Smith common stock.
- On February 10, 2025, Wheeler was granted 43,240 restricted stock units which vest on 02/10/2028.
- Following these transactions, Wheeler directly owns 112,300 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a neutral disclosure.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency to investors regarding the insider's stake in the company.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- The vesting schedules and tax withholding practices are standard across many publicly traded companies.
- Companies like Johnson Controls, Pentair, and Xylem, which operate in similar industries, also utilize stock-based compensation for their executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
- The disposal of shares to cover tax obligations has a minimal impact on the overall market.
Key Dates
| Date | Description |
|---|---|
| 02/07/2022 | Restricted stock units were granted under the A. O. Smith Combined Incentive Compensation Plan. |
| 02/07/2025 | Restricted stock units vested and shares were disposed of to cover tax obligations. |
| 02/10/2025 | Restricted stock units were granted under the A. O. Smith Combined Incentive Compensation Plan. |
| 02/10/2028 | Vesting date of restricted stock units granted on 02/10/2025. |
| 02/11/2025 | Date of the report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.