Fields Gary D 4
4 · AAON, INC. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
AAON Director Gary D. Fields Exercises Options and Sells 21,173 Shares
What Happened
Gary D. Fields, a director of AAON, exercised 21,173 option-derived shares at $48.91 per share (total exercise cost $1,035,571) on 2026-05-26 and immediately sold the same 21,173 shares in the open market for a weighted average price of $140.34 per share, generating gross proceeds of $2,971,419. The sequence (exercise followed by sale) is a cashless exercise and disposition of derivative securities.
Key Details
- Transaction date: 2026-05-26; Form 4 filed: 2026-05-27 (timely filing).
- Exercise details: 21,173 shares exercised at $48.91 each; total exercise cost $1,035,571.
- Sale details: 21,173 shares sold at a weighted average price of $140.34; total proceeds $2,971,419. Footnote: sales executed in multiple trades at prices ranging $140.08–$140.82; $140.34 is the weighted average.
- Post-transaction shares owned: Not specified in the provided excerpt — see the full Form 4 for holdings after the transactions.
- Transaction types: M = exercise/conversion of derivative; S = open-market sale. No 10b5-1 plan, tax withholding, or gift noted in the provided data.
Context
This was an option exercise immediately followed by an open-market sale (a common cashless exercise), meaning the insider converted derivative securities to stock and sold them the same day. Such sales are routine for exercising option gains and do not, by themselves, indicate management’s long-term view; they simply realize the value from vested options.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $.004
2026-05-26$48.91/sh+21,173$1,035,571→ 55,425 total - Sale
Common Stock, par value $.004
[F1]2026-05-26$140.34/sh−21,173$2,971,419→ 34,252 total - Exercise/Conversion
Stock Option (Right to Buy)
2026-05-26$48.91/sh−21,173$1,035,571→ 0 totalExercise: $48.91From: 2022-03-11Exp: 2031-03-11→ Common Stock (21,173 underlying)
- 6,249(indirect: By 401(k))
Common Stock, par value $.004
- 9,250(indirect: By Children)
Common Stock, par value $.004
- 31,968
Stock Option (Right to Buy)
Exercise: $62.03From: 2024-03-06Exp: 2033-03-06→ Common Stock (31,968 underlying) - 7,329
Stock Option (Right to Buy)
Exercise: $82.39From: 2026-03-11Exp: 2035-03-11→ Common Stock (7,329 underlying) - 22,338
Stock Option (Right to Buy)
Exercise: $79.73From: 2025-03-11Exp: 2034-03-11→ Common Stock (22,338 underlying)
Footnotes (1)
- [F1]This transaction was executed in multiple trades at prices ranging from $140.08 to $140.82. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.