AAON EVP exercises options, sells 3,000 shares
Rhea-AI Filing Summary
AAON, INC. Executive Vice President Gordon Douglas Wichman reported an exercise-and-sale transaction in company stock. He exercised stock options to acquire 3,000 shares of common stock at $27.58 per share and then sold those 3,000 shares in an open-market sale at a weighted average price of $140.39 per share on the same date. After these transactions, he holds 10,997 shares of common stock directly and 4,542 shares indirectly through a 401(k) plan, along with multiple remaining option awards, including rights to buy 15,780 shares at $29.48 per share expiring in 2030. The sale price reflects multiple trades between $140.35 and $140.77, reported as a single weighted average figure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Wichman Gordon Douglas
Role
Executive Vice President
Sold
3,000 shs ($421K)
Approx. gross sale proceeds
$421K
Approx. exercise cost
$83K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 3,000 | $27.58 | $83K |
| Exercise | Common Stock, par value $.004 | 3,000 | $27.58 | $83K |
| Sale | Common Stock, par value $.004 | 3,000 | $140.39 | $421K |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock, par value $.004 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 67,584 contracts for 46,334 underlying shares (Direct);
Common Stock, par value $.004 — 10,997 shares (Direct);
Common Stock, par value $.004 — 4,542 shares (Indirect, 401(k) Plan)
Footnotes (1)
- F1. This transaction was executed in multiple trades at prices ranging from $140.35 to $140.77. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Key Figures
Shares sold: 3,000 shares
Weighted average sale price: $140.39/share
Option exercise price: $27.58/share
+4 more
7 metrics
Shares sold
3,000 shares
Open-market sale of AAON common stock
Weighted average sale price
$140.39/share
Sale of 3,000 AAON shares in multiple trades
Option exercise price
$27.58/share
Exercise of stock options for 3,000 AAON shares
Direct holdings after transaction
10,997 shares
AAON common stock held directly by Wichman
Indirect 401(k) holdings
4,542 shares
AAON common stock held via 401(k) plan
Largest remaining option grant
15,780 shares
Stock options at $29.48/share expiring 2030-03-11
Sale price range
$140.35-$140.77
Range of individual trades for 3,000-share sale
Key Terms
Stock Option (Right to Buy), weighted average sales price, open-market sale, derivative security, +1 more
5 terms
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) ... underlying security title: Common Stock"
weighted average sales price financial
"The price reported above reflects the weighted average sales price."
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
401(k) Plan financial
"nature_of_ownership: 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AAON Executive Vice President Gordon Wichman report?
Gordon Wichman exercised options for 3,000 AAON shares at $27.58 and sold 3,000 shares at a weighted average price of $140.39. The filing shows a same-day exercise-and-sale pattern in the company’s common stock.
At what prices did Gordon Wichman trade AAON common stock in this filing?
Wichman exercised options at $27.58 per AAON share and sold 3,000 shares at a weighted average of $140.39. The sale was executed in multiple trades with prices ranging from $140.35 to $140.77, according to the footnote.
What AAON stock options does Gordon Wichman still hold after the reported exercise?
Wichman continues to hold several AAON stock option awards, including rights to buy 15,780 shares at $29.48, 5,670 shares at $36.13, and 6,106 shares at $48.91. These options have expiration dates between 2030 and 2032.
How large was Gordon Wichman’s AAON stock sale compared to his remaining holdings?
The Form 4 shows a sale of 3,000 AAON shares, with 10,997 shares remaining directly afterward. This indicates he disposed of only part of his direct holdings while retaining a larger continuing equity position plus multiple unexercised option grants.
What does the Form 4 say about how Gordon Wichman’s AAON sale was executed?
The Form 4 explains the AAON sale was executed in multiple trades between $140.35 and $140.77. It reports a single weighted average price of $140.39 and notes full trade details are available on request to the issuer, SEC staff, or security holders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
