Norman H. Asbjornson - 11 May 2022 Form 4 Insider Report for AAON, INC. (AAON)

Role
Director, 10%+ Owner
Signature
Norman H. Asbjornson
Issuer symbol
AAON
Transactions as of
11 May 2022
Net transactions value
-$100,716
Form type
4
Filing time
13 May 2022, 17:44:32 UTC
Previous filing
25 Mar 2022
Next filing
19 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAON Common Stock, par value $.004 Tax liability $6,677 -133 -0.13% $50.20 104,709 11 May 2022 Direct
transaction AAON Common Stock, par value $.004 Tax liability $94,040 -1,774 -1.7% $53.01 102,935 12 May 2022 Direct F1
transaction AAON Common Stock, par value $.004 Award $0 +1,836 +1.8% $0.000000 104,771 12 May 2022 Direct F2
holding AAON Common Stock, par value $.004 154,000 11 May 2022 Private Foundation
holding AAON Common Stock, par value $.004 8,986,505 11 May 2022 Trustee of trusts
holding AAON Common Stock, par value $.004 7,074 11 May 2022 401(k) Plan

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
holding AAON Stock Option (Right to Buy) 38,320 11 May 2022 Common Stock 38,320 $23.57 Direct F3
holding AAON Stock Option (Right to Buy) 34,990 11 May 2022 Common Stock 34,990 $20.92 Direct F3
holding AAON Stock Option (Right to Buy) 35,870 11 May 2022 Common Stock 35,870 $34.40 Direct F3
holding AAON Stock Option (Right to Buy) 115,700 11 May 2022 Common Stock 115,700 $36.95 Direct F3
holding AAON Stock Option (Right to Buy) 190,000 11 May 2022 Common Stock 190,000 $41.37 Direct F3
holding AAON Stock Option (Right to Buy) 78,880 11 May 2022 Common Stock 78,880 $44.22 Direct F3
holding AAON Stock Option (Right to Buy) 10,953 11 May 2022 Common Stock 10,953 $73.36 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Tax withholding on vesting of Restricted Stock Awards due to retirement, effective May 12, 2022.
F2 Restricted Stock Grant, vesting ratably on an annual basis over two years (the duration of the director's remaining term).
F3 Date exercisable (but not exercised) is accelerated up retirement, effective May 12, 2022.

Remarks:

Effective May 12, 2022, Mr. Asbjornson retired from his position as Executive Chairman of AAON, Inc. but will continue to serve as a Member of the Board of Directors.