Robert J. Heideman - Feb 13, 2023 Form 4 Insider Report for SMITH A O CORP (AOS)

Role
Senior VP, CTO
Signature
James F. Stern, Attorney-in-Fact for Robert J. Heideman
Stock symbol
AOS
Transactions as of
Feb 13, 2023
Transactions value $
-$306,140
Form type
4
Date filed
2/15/2023, 02:47 PM
Previous filing
Feb 14, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AOS Common Stock Options Exercise $521K +12.3K +107.63% $42.39 23.7K Feb 15, 2023 Direct
transaction AOS Common Stock Sale -$827K -12.3K -51.84% $67.31 11.4K Feb 15, 2023 Direct F1

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 Award $0 +3.43K +80.78% $0.00 7.67K Feb 13, 2023 Common Stock 3.43K $0.00 Direct F2, F3
transaction AOS Employee Stock Options (Right to Buy) Options Exercise $0 -12.3K -27.19% $0.00 32.9K Feb 15, 2023 Common Stock 12.3K $42.39 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price in Column 4 is a weighted average price. The prices actually received ranged from $67.12 to $67.52. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported on this Form 4 utilizing an average weighted price.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of Common Stock.
F3 The restricted stock units were granted on 02/13/2023 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 02/13/2026.
F4 The employee stock options were granted on 02/10/2020 under the A. O. Smith Combined Incentive Compensation Plan, a transaction exempt under Rule 16b-3. The options become exercisable in three annual installments of 1/3 of the award starting on 02/10/2021.