Kidwell Casey 4

What Happened

• Casey Kidwell, Chief Administration Officer of AAON, exercised stock options on 2026-03-12 and sold the shares the same day. Kidwell exercised three option lots: 1,554 shares at $36.13 ($56,146), 831 shares at $35.41 ($29,426), and 2,840 shares at $62.04 ($176,194) — total exercise cost $261,766 for 5,225 shares. Those shares were sold in open-market transactions at $90.00 per share for total proceeds of $470,250.
• The filing also reports two share disposals to cover tax/exercise obligations: 89 shares and 91 shares disposed at $91.51 (total ~$16,471). The Form 4 shows corresponding derivative conversion entries for the exercised options.

Key Details

• Transaction date: 2026-03-12 (filed on 2026-03-16 — timely; Form 4 due within two business days)
• Exercise details: 1,554 @ $36.13 ($56,146); 831 @ $35.41 ($29,426); 2,840 @ $62.04 ($176,194)
• Sales: 1,554 + 831 + 2,840 = 5,225 shares sold at $90.00; proceeds $470,250
• Tax/withholding: 89 shares ($8,144) + 91 shares ($8,327) disposed at $91.51 (total ~$16,471)
• Shares owned after the transactions: not disclosed in the provided filing excerpt
• Footnote: F1 notes all shares were transacted at exact prices; no further breakdown provided
• Transaction codes: M = option exercise/derivative conversion; S = sale; F = payment of exercise price/tax liability

Context

• This appears to be a same-day (cashless-style) exercise and sale: Kidwell exercised options and sold the resulting shares on the same day, a common way for insiders to realize option value while covering exercise costs and taxes.
• Sales by employees after exercising options are typically routine and do not, by themselves, indicate a change in sentiment about the company. The filing is factual and timely.