Kidwell Casey 4
4 · AAON, INC. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
AAON Chief Admin Officer Casey Kidwell Exercises Options, Sells Shares
What Happened
Casey Kidwell, Chief Administration Officer of AAON, exercised stock options (Form 4 code M) to acquire a total of 3,153 shares on May 14, 2026, and sold those shares the same day. The exercises consisted of 2,084 shares at $79.73 (cost $166,157) and 1,069 shares at $82.39 (cost $88,075), for total exercise cost of $254,232. The resulting shares were sold in the open market for weighted-average prices of $138.30 (for the 2,084-share block) and $138.31 (for the 1,069-share block), generating total gross proceeds of about $436,070. The transactions therefore produced approximately $182k in proceeds above the exercise cost (before fees/taxes).
Key Details
- Transaction date: May 14, 2026 (reported on Form 4 filed May 15, 2026). Filing appears timely (filed next business day).
- Exercises (acquisitions): 2,084 shares @ $79.73 ($166,157); 1,069 shares @ $82.39 ($88,075).
- Sales (dispositions): 2,084 shares @ WAP $138.30 (range $138.30–$138.54 per footnote F1) — proceeds $288,217; 1,069 shares @ $138.31 (exact price per F2) — proceeds $147,853.
- Total shares exercised: 3,153; total exercise cost: $254,232; total sale proceeds: ~$436,070.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 notes the 2,084-share sale was executed in multiple trades at prices from $138.30 to $138.54 (weighted average reported); F2 indicates the 1,069-share sale was at an exact price. F1 includes an offer to provide trade-level detail on request.
Context
These filings show a same-day exercise and sale (commonly referred to as a cashless exercise or sell-to-cover), where an insider exercises options and immediately sells the resulting shares. Such transactions often reflect option exercise/liquidity activity rather than a straightforward directional investment decision; Form 4s are factual records and do not state the insider's motivation.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $.004
2026-05-14$79.73/sh+2,084$166,157→ 15,547 total - Sale
Common Stock, par value $.004
[F1]2026-05-14$138.30/sh−2,084$288,217→ 13,463 total - Exercise/Conversion
Common Stock, par value $.004
2026-05-14$82.39/sh+1,069$88,075→ 14,532 total - Sale
Common Stock, par value $.004
[F2]2026-05-14$138.31/sh−1,069$147,853→ 13,463 total - Exercise/Conversion
Stock Option (Right to Buy)
2026-05-14$79.73/sh−2,084$166,157→ 1,042 totalExercise: $79.73From: 2025-03-11Exp: 2034-03-11→ Common Stock (2,084 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
2026-05-14$82.39/sh−1,069$88,075→ 2,138 totalExercise: $82.39From: 2026-03-11Exp: 2035-03-11→ Common Stock (1,069 underlying)
- 2,282(indirect: By 401(k))
Common Stock, par value $.004
- 10,029
Stock Option (Right to Buy)
Exercise: $91.51From: 2027-03-11Exp: 2036-03-11→ Common Stock (10,029 underlying)
Footnotes (2)
- [F1]This transaction was executed in multiple trades at prices ranging from $138.30 to $138.54. 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.
- [F2]Shares sold at an exact price. A breakdown is not applicable.