Fields Gary D 4

What Happened
Gary D. Fields, a director of AAON, exercised stock options and immediately sold the resulting shares on May 12, 2026. He exercised 31,271 shares (26,018 at $48.91 and 5,253 at $31.69) for an exercise cost of $1,439,008 and sold those shares in open-market trades for aggregate gross proceeds of approximately $4,192,398 (sales reported at weighted-average prices of $134.07 and $134.05). The filing reports both the option exercises (transaction code M) and the open-market sales (transaction code S).

Key Details

• Transaction date: 2026-05-12; Form 4 filed 2026-05-13. Filing appears timely.
• Options exercised: 26,018 shares @ $48.91 ($1,272,540) and 5,253 shares @ $31.69 ($166,468).
• Shares sold: 26,018 shares (weighted avg $134.07, total ~$3,488,233) and 5,253 shares (weighted avg $134.05, total ~$704,165). Total sale proceeds ≈ $4,192,398.
• Reported exercise cost (total): $1,439,008; approximate gross profit before taxes/fees ≈ $2.75M.
• Footnotes: Sales executed in multiple trades; prices ranged $134.00–$137.36 (F1) and $134.00–$136.87 (F2); reported prices are weighted averages. The filer offers to provide trade-level details on request.
• Shares owned after transaction: not specified in the provided excerpt.

Context
This was a same-day exercise-and-sell (a cashless-type transaction): options were exercised (M) and the shares were immediately sold in the open market (S). Such transactions commonly reflect option exercises to monetize vested awards rather than an outright purchase signal; they are routine for insiders exercising compensation-related options. No indication in the provided data that the reporting person is a 10% owner or that the trade was part of a 10b5-1 plan.