Kidwell Casey 4

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.