Welcome to our dedicated page for AAON SEC filings (Ticker: AAON), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
AAON SEC filings document the public-company disclosures of an HVAC equipment manufacturer serving commercial, industrial and data center indoor environments. The record includes Form 8-K reports for operating and financial results, backlog disclosures, Regulation FD materials, quarterly dividend announcements and common stock repurchase authorization.
AAON proxy materials cover shareholder voting matters, board and governance topics, executive compensation and equity-award disclosures. Its filings also address capital-structure matters and material-event reporting tied to the company’s AAON and BASX-branded equipment business.
AAON, Inc. details its operations and strategy in an annual report covering the year ended December 31, 2025. The company operates three segments—AAON Oklahoma, AAON Coil Products, and BASX—focused on high‑performance HVAC and data center cooling solutions, with most sales in the U.S.
Backlog reached approximately $1,828.5 million as of December 31, 2025, up from $867.1 million a year earlier, reflecting strong orders, especially in data center markets. AAON employed about 5,897 people as of February 24, 2026 and emphasizes R&D, spending $58.2 million in 2025 on product and controls innovation.
The company highlights a sustainability program, with roughly 36% of its energy portfolio from renewable sources and increasing recycling and waste‑to‑energy initiatives. Capital returns included quarterly cash dividends of $0.10 per share in 2025 and open‑market share repurchases of about 469,300 shares for $30.0 million.
AAON, Inc. reported strong top-line growth but lower profitability for 2025 and authorized a new share repurchase program. Full-year net sales rose 20.1% to $1.44 billion, while GAAP diluted EPS fell to $1.29 from $2.02 as gross margin compressed to 26.7% from 33.1% amid heavy investments in capacity and ERP systems.
Fourth-quarter 2025 net sales increased 42.5% to $424.2 million, with EPS up to $0.39 from $0.30. BASX-branded sales surged 138.8% to $181.4 million, while AAON-branded sales grew 9.5% to $242.8 million. Year-end backlog reached a record $1.83 billion, up 110.9%.
The Board authorized up to $100.0 million in open-market common share repurchases. As of December 31, 2025, AAON held $1.2 million in cash, carried $398.3 million on its revolving credit facility, and guided 2026 sales growth of 18%-20% with gross margin of 29%-31% and SG&A at about 16% of sales.
AAON, Inc. investor Wellington Management Group LLP reports beneficial ownership of 6,839,277 shares of AAON common stock, representing about 8.38% of the outstanding class as of 12/31/2025.
Wellington and related entities report no sole voting or dispositive power, with shared voting power over 5,693,799 shares and shared dispositive power over 6,839,277 shares. The shares are owned of record by advisory clients of Wellington-affiliated investment advisers, whose clients receive dividends and sale proceeds.
Wellington certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of AAON, and no single client is known to hold more than five percent of the class.
AAON, Inc. Executive Vice President Gordon Douglas Wichman reported equity movements tied to performance-based stock awards and related tax withholding. On January 30, 2026, he acquired 1,478 and 726 shares of common stock through transactions coded "M" at $95.64 per share, reflecting the vesting of performance restricted stock units granted in 2023. The Compensation Committee had determined on January 21, 2026 that these awards vested at 83.2% of the performance target, and shares were delivered net of taxes, with 439 and 200 shares withheld (code "F") to cover his tax liability. Following these transactions, he directly owned 10,319 AAON common shares and indirectly held 4,119 shares through a 401(k) plan, along with multiple outstanding stock option grants with exercise prices ranging from $27.58 to $82.39 and expirations between 2029 and 2035.
AAON, Inc. insider Stephen E. Wakefield, a Principal Engineering Advisor, reported equity compensation activity involving common stock. On January 30, 2026, he reported multiple transactions in AAON common stock at $95.64 per share, reflecting vesting and related tax withholding.
The Compensation Committee determined that performance restricted stock units granted in 2023 vested at 83.2% of the performance target, and the resulting shares were delivered net of shares withheld to cover his tax liability. Following these transactions, Wakefield directly held 14,274 AAON shares and indirectly held 15,246 shares through a 401(k) plan.
AAON, Inc. director Gary D. Fields reported equity award vesting and related share movements. On January 21, 2026, the Compensation Committee determined that performance restricted stock units granted in 2023 vested at 83.2 percent of the performance target. On January 30, 2026, Fields acquired 11,089 and 5,447 shares of common stock, and had 2,896 and 2,144 shares withheld to cover taxes, all at $95.64 per share. Following these transactions, he directly owned 36,836 AAON common shares and indirectly held 5,824 shares in a 401(k) plan.
AAON, Inc.’s Chief Financial Officer Rebecca Thompson reported routine equity activity related to performance awards. On January 30, 2026, she acquired 2,217 and 1,089 shares of common stock through code M transactions at $95.64 per share, following the vesting of 2023 performance restricted stock units at 83.2% of their target. In separate code F transactions, 741 and 315 shares were withheld at the same price to cover taxes, with cash paid in lieu of any fractional shares. After these transactions, she directly owned 26,646 AAON common shares and indirectly held 3,826 shares in a 401(k) plan, alongside multiple outstanding stock option awards with various exercise prices and expiration dates.
AAON, Inc. (AAON) Chief Administration Officer Casey Kidwell reported equity award activity tied to 2023 performance-based restricted stock units. On January 21, 2026, the compensation committee certified that these units vested at 83.2 percent of the performance target, based on the company’s achievement of stated goals.
On January 30, 2026, common shares were delivered to Kidwell upon vesting and related conversions, with multiple entries at a reported price of $95.64 per share. Some shares were withheld (coded “F”) to cover taxes, so the reporting person received net shares after withholding. Following these transactions, Kidwell held a direct common stock position and an additional 2,076 shares indirectly through a 401(k) plan, along with several outstanding stock option awards with exercise prices between $35.41 and $82.39.
AAON, Inc. director Gary D. Fields reported a code G transaction involving 1,000 shares of AAON common stock on 12/15/2025 at a reported price of $0 per share. After this transaction, he beneficially owned 25,340 AAON common shares directly and 5,768 shares indirectly through a 401(k) plan.
AAON, Inc. executive vice president Stephen E Wakefield reported buying additional shares of AAON common stock in mid-December 2025. He purchased 1,000 shares on 12/11/2025 at $82.25 per share and another 1,000 shares on 12/12/2025 at $80.85 per share.
The filing also shows he acquired 4,141 shares of AAON common stock on 12/12/2025 at $77.59 per share through an exchange of existing assets in his 401(k) plan into company stock. After these transactions, the form reports 12,730 shares owned directly and 15,212 shares held indirectly through the 401(k) plan.