Fields Gary D 4

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.