Benjamin A. Otchere - May 9, 2023 Form 4 Insider Report for SMITH A O CORP (AOS)

Role
Vice President and Controller
Signature
James F. Stern, Attorney-in-Fact for Benjamin A. Otchere
Stock symbol
AOS
Transactions as of
May 9, 2023
Transactions value $
-$107,608
Form type
4
Date filed
5/9/2023, 02:25 PM
Previous filing
Feb 15, 2023
Next filing
Feb 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AOS Common Stock Options Exercise $75.4K +1.53K +278.79% $49.42 2.07K May 9, 2023 Direct F1
transaction AOS Common Stock Options Exercise $117K +2.76K +133.2% $42.39 4.83K May 9, 2023 Direct
transaction AOS Common Stock Sale -$300K -4.29K -88.68% $70.00 547 May 9, 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 Employee Stock Options (Right to Buy) Options Exercise $0 -1.53K -16.08% $0.00 7.96K May 9, 2023 Common Stock 1.53K $49.42 Direct F3
transaction AOS Employee Stock Options (Right to Buy) Options Exercise $0 -2.76K -34.67% $0.00 5.2K May 9, 2023 Common Stock 2.76K $42.39 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Otchere is a participant in the A. O. Smith Dividend Reinvestment Plan ('Plan") and receives a quarterly dividend pursuant to the Plan. The total amount of dividends received was 1 share of Common Stock.
F2 The price in Column 4 is a weighted average price. The prices actually received ranged from $70.00 to $70.055. 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.
F3 The employee stock options were granted on 02/11/2019, 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 02/11/2020.
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 became exercisable in three annual installments of 1/3 of the award starting on 02/10/2021.