AAON (NASDAQ: AAON) director awarded 1,290 restricted shares, now holds over 75,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McElroy A H II reported acquisition or exercise transactions in this Form 4 filing.
AAON, INC. director McElroy A H II received a grant of 1,290 shares of common stock as compensation. The award is structured as restricted stock that vests ratably on an annual basis over two years, matching the remainder of the director's term. After this grant, McElroy directly holds 75,380 shares, and an additional 60,977 shares are reported as indirectly owned through a spouse. These entries reflect equity compensation and ownership reporting, not open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McElroy A H II
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.004 | 1,290 | $0.00 | -- |
| holding | Common Stock, par value $.004 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $.004 — 75,380 shares (Direct, null);
Common Stock, par value $.004 — 60,977 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 1,290 shares
Grant price: $0.0000 per share
Direct holdings after grant: 75,380 shares
+2 more
5 metrics
Restricted stock grant
1,290 shares
Equity award coded A on Form 4
Grant price
$0.0000 per share
Restricted stock award price
Direct holdings after grant
75,380 shares
Common stock held directly post-transaction
Indirect holdings by spouse
60,977 shares
Common stock reported as owned by spouse
Vesting period
2 years
Restricted stock vests ratably annually
Key Terms
Restricted Stock Grant, vests ratably, indirect ownership, Grant, award, or other acquisition
4 terms
Restricted Stock Grant financial
"Restricted Stock Grant, vesting ratably on an annual basis over two years"
A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.
vests ratably financial
"vesting ratably on an annual basis over two years"
indirect ownership financial
"total_shares_following_transaction 60977.0000, direct_or_indirect I, nature_of_ownership By Spouse"
Grant, award, or other acquisition financial
"transaction_code_description Grant, award, or other acquisition"
FAQ
What insider transaction did AAON (AAON) director McElroy A H II report?
AAON director McElroy A H II reported an acquisition of 1,290 shares of common stock as a restricted stock grant. This is coded as an award (code A), representing equity compensation rather than an open-market stock purchase or sale.
What are the vesting terms of the AAON restricted stock grant to McElroy A H II?
The 1,290-share restricted stock grant to McElroy A H II vests ratably on an annual basis over two years. The footnote explains this schedule aligns with the remaining duration of the director's term on AAON’s board.
Is the AAON (AAON) transaction by McElroy A H II an open-market stock purchase?
No, the Form 4 shows a grant of 1,290 shares at a price of $0.0000 per share, indicating an equity award. This is compensation-related, not an open-market purchase with cash paid in the market.
How is indirect ownership reported for AAON (AAON) director McElroy A H II?
The Form 4 lists 60,977 AAON shares as indirectly owned, with the nature of ownership described as “By Spouse.” This means the shares are held via a spouse, but are still reported as part of McElroy’s beneficial ownership.