Kevin J. Wheeler - Feb 10, 2023 Form 4 Insider Report for SMITH A O CORP (AOS)

Role
Chairman, President and CEO
Signature
James F. Stern, Attorney-in-Fact for Kevin J. Wheeler
Stock symbol
AOS
Transactions as of
Feb 10, 2023
Transactions value $
-$966,207
Form type
4
Date filed
2/14/2023, 11:18 AM
Previous filing
Jan 4, 2023
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AOS Common Stock Options Exercise $0 +31.1K +64.84% $0.00 79.2K Feb 10, 2023 Direct F1
transaction AOS Common Stock Tax liability -$966K -14.7K -18.55% $65.80 64.5K Feb 10, 2023 Direct F2

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 Restricted Stock Units Options Exercise $0 -31.1K -41.87% $0.00 43.2K Feb 10, 2023 Common Stock 31.1K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one share of Common Stock. This transaction represents the settlement of restricted stock units in shares of Common Stock on their scheduled vesting date.
F2 Shares withheld by A. O. Smith Corporation to satisfy tax withholding requirements on vesting of restricted stock units.
F3 The restricted stock units were granted on 02/10/2020 under the A. O. Smith Combined Incentive Compensation Plan, a transaction exempt under Rule 16b-3. The restricted stock units become payable in Common Stock on the vesting date of 02/10/2023.