Ajita G. Rajendra - Nov 10, 2023 Form 4 Insider Report for SMITH A O CORP (AOS)

Role
Director
Signature
James F. Stern, Attorney-in-Fact for Ajita G. Rajendra
Stock symbol
AOS
Transactions as of
Nov 10, 2023
Transactions value $
-$1,220,329
Form type
4
Date filed
11/13/2023, 11:52 AM
Previous filing
Nov 8, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AOS Common Stock Options Exercise $2.63M +53.1K +93.28% $49.42 110K Nov 10, 2023 Direct
transaction AOS Common Stock Sale -$3.85M -53.1K -48.26% $72.39 57K Nov 10, 2023 Direct F1
holding AOS Common Stock 231K Nov 10, 2023 Held by spouse's revocable trust or grantor retained annuity trusts.

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 -53.1K -100% $0.00* 0 Nov 10, 2023 Common Stock 53.1K $49.42 Direct F2
* 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 $72.00 to $72.96. 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 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.