Fields Gary D 4
4 · AAON, INC. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
AAON Director Gary D. Fields Converts Awards, Net +11,496 Shares
What Happened
Gary D. Fields, a director of AAON, converted/ exercised 16,536 derivative awards into common shares on January 30, 2026 (code M). The conversion price shown was $95.64 per share, representing a gross value of about $1,581,503. To cover tax withholding (code F), 5,040 shares (worth $482,025) were surrendered to the company, leaving a net increase of 11,496 shares to Fields’s holdings. Footnotes indicate these were performance-based restricted stock units (granted 2023) that vested at 83.2% of target; shares were issued net of taxes.
Key Details
- Transaction date: 2026-01-30; Form 4 filed 2026-02-03 (reporting period 2026-01-30).
- Price per share: $95.64.
- Shares converted/acquired: 16,536 (11,089 and 5,447 in two line items) — gross value ≈ $1,581,503.
- Shares withheld for taxes (disposed): 5,040 (2,896 and 2,144) — value ≈ $482,025.
- Net shares added: 11,496.
- Shares owned after transaction: not disclosed in the provided filing details.
- Footnotes: F1 — 2023 performance restricted stock units vested at 83.2% of target; shares issued net of taxes (cash paid for fractional shares). F2 — transactions recorded at exact price.
- Transaction codes: M = exercise/conversion of derivative; F = tax withholding (net settlement). Filing appears to be timely (filed Feb 3 for a Jan 30 transaction).
Context
- This was not an open-market purchase or sale; it was a conversion/vesting event with a net-share settlement to cover taxes (commonly called a cashless or net share settlement). Withheld shares were used to satisfy tax liabilities rather than sold on the market.
- Such conversions/withholdings are routine following vesting of equity awards and do not necessarily signal management’s view of the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $.004
[F1][F2]2026-01-30$95.64/sh+11,089$1,060,552→ 36,429 total - Tax Payment
Common Stock, par value $.004
[F1][F2]2026-01-30$95.64/sh−2,896$276,973→ 33,533 total - Exercise/Conversion
Common Stock, par value $.004
[F1][F2]2026-01-30$95.64/sh+5,447$520,951→ 38,980 total - Tax Payment
Common Stock, par value $.004
[F1][F2]2026-01-30$95.64/sh−2,144$205,052→ 36,836 total
- 5,824(indirect: By 401(k))
Common Stock, par value $.004
- 5,253
Stock Option (Right to Buy)
Exercise: $31.69From: 2021-05-12Exp: 2030-05-12→ Common Stock (5,253 underlying) - 47,191
Stock Option (Right to Buy)
Exercise: $48.91From: 2022-03-11Exp: 2031-03-11→ Common Stock (47,191 underlying) - 19,081
Stock Option (Right to Buy)
Exercise: $36.13From: 2023-03-15Exp: 2032-03-15→ Common Stock (19,081 underlying) - 31,968
Stock Option (Right to Buy)
Exercise: $62.03From: 2024-03-06Exp: 2033-03-06→ Common Stock (31,968 underlying) - 22,338
Stock Option (Right to Buy)
Exercise: $79.73From: 2025-03-11Exp: 2034-03-11→ Common Stock (22,338 underlying) - 7,329
Stock Option (Right to Buy)
Exercise: $82.39From: 2026-03-11Exp: 2035-03-11→ Common Stock (7,329 underlying)
Footnotes (2)
- [F1]On January 21, 2026, the Compensation Committee determined the performance restricted stock units, granted in 2023 vested at 83.2 percent of the performance target, based on the issuer's achievement of the relevant performance conditions. The shares received were net of taxes withheld to cover the reporting person's tax liability. Cash was paid in lieu of fractional shares, if any.
- [F2]All shares granted/purchased/converted/sold, as applicable, at an exact price. A breakdown is not applicable.