Kidwell Casey 4

What Happened
Casey Kidwell, Chief Administration Officer of AAON, exercised/converted derivatives on January 30, 2026, acquiring two lots of shares: 1,478 shares at $95.64 ($141,356) and 726 shares at $95.64 ($69,435), for a total of 2,204 shares valued at $210,791. To cover tax withholding, 505 shares ($48,298) and 232 shares ($22,188) were surrendered, for a total of 737 shares withheld. Net new shares retained by Kidwell after withholding were 1,467 (net value ≈ $140,305). These transactions are conversions of awards/derivatives rather than open-market purchases or discretionary sales.

Key Details

• Transaction dates: January 30, 2026 (reported on Form 4 filed Feb 3, 2026). Filing appears timely (within the 2-business-day Form 4 window).
• Prices: all shares reported at $95.64 per share.
• Gross acquired: 2,204 shares (1,478 + 726) = $210,791.
• Shares withheld for taxes: 737 shares (505 + 232) = $70,486.
• Net shares added: 1,467 shares (2,204 − 737) ≈ $140,305 net value.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (withholding).
• Footnotes: The filing notes that 2023 performance-restricted stock units vested at 83.2% of target (Compensation Committee determination on Jan 21, 2026) and that shares were issued net of taxes withheld; cash was paid for any fractional shares.

Context
These were not open-market buys or discretionary sales but the conversion/settlement of performance-based awards (cashless/net-share withholding used to satisfy tax obligations). Such routine vesting/conversion transactions reflect compensation plan mechanics rather than a direct market signal about the executive's view of the stock.