STOCK TITAN

[Form 4] AAON, INC. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

AAON, INC. director and Chief Executive Officer Matthew Joseph Tobolski reported receiving an award of 8,961 shares of common stock at no cost on March 11, 2026. The award was granted under the company’s 2024 Long Term Incentive Plan and vests ratably on each of the first three anniversaries of the grant date.

Following this grant, Tobolski directly holds 18,339 shares of AAON common stock. He also holds several stock option awards giving rights to buy common shares, including options over 7,215 shares at an exercise price of $73.87 expiring in 2034, and further grants with exercise prices of $82.39, $105.95, and $91.51 expiring between 2035 and 2036.

In addition to his direct holdings, indirect ownership positions are reported, including common stock held by his spouse as trustee of a trust for family members, as trustee of other trusts, and shares held in a 401(k) Plan. The filing shows no open‑market purchases or sales; the primary new activity is the equity award acquisition.

Positive

  • None.

Negative

  • None.
Insider Tobolski Matthew Joseph
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Common Stock, par value $.004 8,961 $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 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 — 18,339 shares (Direct); Stock Option (Right to Buy) — 7,215 shares (Direct); Common Stock, par value $.004 — 122,371 shares (Indirect, By spouse, as trustee of trust for benefit of family members)
Footnotes (1)
  1. [object Object]
SEC Form 4
FORM 4UNITED 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*
Tobolski Matthew Joseph

(Last)(First)(Middle)
2425 SOUTH YUKON AVE

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $.00403/11/2026A8,961(1)A$018,339D
Common Stock, par value $.004122,371IBy spouse, as trustee of trust for benefit of family members
Common Stock, par value $.004200,904ITrustee of Trusts
Common Stock, par value $.0042,638I401(k) Plan
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$73.8701/01/202501/01/2034Common Stock7,2157,215D
Stock Option (Right to Buy)$82.3903/11/202603/11/2035Common Stock10,99510,995D
Stock Option (Right to Buy)$105.9505/13/202605/13/2035Common Stock11,96411,964D
Stock Option (Right to Buy)$91.5103/11/202703/11/2036Common Stock91,704(1)91,704D
Explanation of Responses:
1. This stock award is granted under the Issuer's 2024 Long Term Incentive Plan and is exercisable or vests ratably on each of the first three anniversaries of the date of the grant.
Remarks:
Form was filed late due to administrative delay.
Matthew J. Tobolski04/10/2026
** Signature of Reporting PersonDate
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 AAON (AAON) CEO Matthew Tobolski report in this Form 4?

AAON CEO Matthew Tobolski reported receiving an award of 8,961 shares of common stock on March 11, 2026. The shares were granted at no cost as part of equity compensation, increasing his directly held AAON common stock to 18,339 shares after the transaction.

How many AAON (AAON) shares did the CEO acquire in this award?

The CEO acquired 8,961 shares of AAON common stock through a stock award on March 11, 2026. The award was recorded at a price of $0.00 per share as compensation, reflecting a grant rather than an open‑market purchase for cash consideration.

How does this AAON (AAON) grant affect the CEO’s direct share holdings?

After the 8,961-share award, Matthew Tobolski directly holds 18,339 AAON common shares. This figure reflects his direct ownership position following the reported grant, separate from any indirect holdings through trusts or retirement plans noted in the same Form 4.

What stock options for AAON (AAON) does the CEO hold according to this filing?

The filing shows several AAON stock option positions, including rights to buy 7,215 shares at $73.87 expiring in 2034. Additional option awards cover 10,995 shares at $82.39, 11,964 shares at $105.95, and 91,704 shares at $91.51 with expirations in 2035 and 2036.

How does the AAON (AAON) CEO’s equity award vest over time?

The stock award granted to the CEO under AAON’s 2024 Long Term Incentive Plan vests ratably over three years. According to the footnote, the shares vest on each of the first three anniversaries of the March 11, 2026 grant date, subject to the plan’s terms.

What indirect AAON (AAON) holdings are reported for the CEO?

Indirect AAON holdings include common stock held by his spouse as trustee of a trust for family members, stock where he serves as trustee of other trusts, and 2,638 shares held in a 401(k) Plan. These positions are reported separately from his direct 18,339-share ownership.