AAON, Inc. (AAON) director gets 1,290-share grant, holds large options

Rhea-AI Filing Summary

AAON, INC. director and ten-percent owner Norman H. Asbjornson reported a new stock award on Common Stock. He received an acquisition of 1,290 shares at $0.00 per share as a grant under the company’s 2024 Long Term Incentive Plan. Following this grant, he directly holds 98,794 common shares. The award vests on the first anniversary of the May 12, 2026 grant date. The filing also lists several existing stock option positions with exercise prices between $22.93 and $48.91 per share and expirations from 2027 through 2031, along with large indirect holdings through trusts, a private foundation, and a 401(k) plan.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider ASBJORNSON NORMAN H

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.004	1,290	$0.00	--
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	--	--	--
holding	Common Stock, par value $.004	--	--	--
holding	Common Stock, par value $.004	--	--	--

Holdings After Transaction: Common Stock, par value $.004 — 98,794 shares (Direct, null); Stock Option (Right to Buy) — 53,805 shares (Direct, null); Common Stock, par value $.004 — 10,837 shares (Indirect, 401(k) Plan)

Footnotes (1)

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Key Figures

Stock award: 1,290 shares at $0.00 Direct common shares: 98,794 shares Trustee holdings: 11,683,842 shares +5 more

8 metrics

Stock award 1,290 shares at $0.00 Common Stock grant under 2024 Long Term Incentive Plan on May 12, 2026

Direct common shares 98,794 shares AAON common stock held directly after reported grant

Trustee holdings 11,683,842 shares AAON common stock held indirectly as trustee of trusts

Private foundation holdings 1,289,290 shares AAON common stock held indirectly through a private foundation

401(k) holdings 10,837 shares AAON common stock held indirectly in a 401(k) Plan

Option position 1 118,320 shares at $29.48 Stock Option on AAON common stock expiring March 11, 2030

Option position 2 285,000 shares at $27.58 Stock Option on AAON common stock expiring March 11, 2029

Option position 3 173,550 shares at $24.63 Stock Option on AAON common stock expiring January 2, 2028

Key Terms

Stock Option (Right to Buy), 2024 Long Term Incentive Plan, 401(k) Plan, Private Foundation, +1 more

5 terms

Stock Option (Right to Buy) financial

"The filing lists several "Stock Option (Right to Buy)" positions on AAON common stock."

2024 Long Term Incentive Plan financial

"This stock award is granted under the Issuer's 2024 Long Term Incentive Plan."

401(k) Plan financial

"One indirect holding is described with the 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.

Private Foundation financial

"Another indirect holding shows the nature of ownership as "Private Foundation"."

trustee of trusts financial

"An indirect position lists the nature of ownership as "Trustee of trusts"."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ASBJORNSON NORMAN H

(Last) (First) (Middle)

AAON INC

2425 SOUTH YUKON

(Street)

TULSA OKLAHOMA 74107

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AAON, INC. [ AAON ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.004	05/12/2026		A		1,290(1)	A	$0	98,794	D
Common Stock, par value $.004								10,837	I	401(k) Plan
Common Stock, par value $.004								1,289,290	I	Private Foundation
Common Stock, par value $.004								11,683,842	I	Trustee of trusts

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$22.93							05/12/2022	02/22/2027	Common Stock	53,805		53,805	D
Stock Option (Right to Buy)	$24.63							05/12/2022	01/02/2028	Common Stock	173,550		173,550	D
Stock Option (Right to Buy)	$27.58							05/12/2022	03/11/2029	Common Stock	285,000		285,000	D
Stock Option (Right to Buy)	$48.91							05/12/2022	03/11/2031	Common Stock	16,429		16,429	D
Stock Option (Right to Buy)	$29.48							05/12/2022	03/11/2030	Common Stock	118,320		118,320	D

Explanation of Responses:

1. This stock award is granted under the Issuer's 2024 Long Term Incentive Plan and is exercisable or vests on the first anniversary of the date of the grant.

Remarks:

	Norman H. Asbjornson	05/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Norman H. Asbjornson report in this AAON (AAON) Form 4?

Norman H. Asbjornson reported receiving a grant of 1,290 shares of AAON common stock. The shares were awarded at $0.00 per share as part of the company’s 2024 Long Term Incentive Plan and increase his directly held position.

How many AAON shares does Norman H. Asbjornson directly own after this grant?

After the reported stock award, Norman H. Asbjornson directly owns 98,794 shares of AAON common stock. This reflects his position following the 1,290-share grant disclosed in the Form 4 insider trading report filed for May 12, 2026.

What are the terms of the new AAON stock award granted to Norman H. Asbjornson?

The new AAON stock award grants 1,290 common shares at $0.00 per share under the 2024 Long Term Incentive Plan. According to the footnote, the award becomes exercisable or vests on the first anniversary of the May 12, 2026 grant date.

Does the AAON Form 4 show any stock option holdings for Norman H. Asbjornson?

Yes. The filing lists several stock option positions on AAON common stock with exercise prices from $22.93 to $48.91 per share and expiration dates between 2027 and 2031, indicating substantial remaining derivative exposure alongside his common share holdings.

What indirect AAON holdings are reported for Norman H. Asbjornson in this filing?

The Form 4 discloses indirect AAON common stock holdings through multiple entities, including 11,683,842 shares as trustee of trusts, 1,289,290 shares through a private foundation, and 10,837 shares in a 401(k) plan, in addition to his directly owned shares.

Is the 1,290-share AAON grant a market purchase or a compensation award?

The 1,290-share AAON position is a compensation-related award, not an open-market purchase. It is coded as an “A” transaction, described as a grant, award, or other acquisition under AAON’s 2024 Long Term Incentive Plan at $0.00 per share.