Jack Qiu - Feb 7, 2022 Form 4 Insider Report for SMITH A O CORP (AOS)

Role
SVP - Pres. A. O. Smith China
Signature
James F. Stern, Attorney-in-Fact for Jack Qiu
Stock symbol
AOS
Transactions as of
Feb 7, 2022
Transactions value $
$0
Form type
4
Date filed
2/9/2022, 01:48 PM
Next filing
Feb 15, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AOS Employee Stock Options (Right to Buy) Award $0 +7.5K +106.16% $0.00 14.6K Feb 7, 2022 Common Stock 7.5K $74.27 Direct F1
transaction AOS Restriced Stock Units Award +1.78K +32.87% 7.18K Feb 7, 2022 Common Stock 1.78K $74.27 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The employee stock options were granted on 02/07/2022, under the A. O. Smith Combined Incentive Compensation Plan, a transaction exempt under rule 16b-3. The options became exercisable in three annual installments of 1/3 of the award starting on 02/07/2023. The stock options are payable in cash when exercised.
F2 The restricted stock units were granted on 02/07/2022 under the A. O. Smith Combined Incentive Compensation Plan, a transaction exempt under Rule 16b-3. The restricted stock units become payable in cash on the vesting date of 02/07/2025.
F3 Each restricted stock unit is the economic equivalent of one share of A. O. Smith Corporation Common Stock.