Otchere Benjamin A 4
4 · SMITH A O CORP · Filed May 9, 2023
Insider Transaction Report
Form 4
Otchere Benjamin A
Vice President and Controller
Transactions
- Exercise/Conversion
Employee Stock Options (Right to Buy)
2023-05-09−1,525→ 7,960 totalExercise: $49.42Exp: 2029-02-11→ Common Stock (1,525 underlying) - Exercise/Conversion
Employee Stock Options (Right to Buy)
2023-05-09−2,760→ 5,200 totalExercise: $42.39Exp: 2030-02-10→ Common Stock (2,760 underlying) - Exercise/Conversion
Common Stock
2023-05-09$49.42/sh+1,525$75,366→ 2,072 total - Sale
Common Stock
2023-05-09$70.00/sh−4,285$299,970→ 547 total - Exercise/Conversion
Common Stock
2023-05-09$42.39/sh+2,760$116,996→ 4,832 total
Footnotes (4)
- [F1]Mr. Otchere is a participant in the A. O. Smith Dividend Reinvestment Plan ('Plan") and receives a quarterly dividend pursuant to the Plan. The total amount of dividends received was 1 share of Common Stock.
- [F2]The price in Column 4 is a weighted average price. The prices actually received ranged from $70.00 to $70.055. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported on this Form 4 utilizing an average weighted price.
- [F3]The employee stock options were granted on 02/11/2019, under the A. O. Smith Combined Incentive Compensation Plan, a transaction exempt under rule 16b-3. The options became exercisable in three annual installments of 1/3 of the award starting on 02/11/2020.
- [F4]The employee stock options were granted on 02/10/2020, under the A. O. Smith Combined Incentive Compensation Plan, a transaction exempt under rule 16b-3. The options became exercisable in three annual installments of 1/3 of the award starting on 02/10/2021.