AAON - Options Movement At AAON: Stephen E Wakefield Exercises Worth $4.69M | Benzinga
A substantial insider activity was disclosed on December 18, as Wakefield, Chief Operating Officer at AAON (NASDAQ:AAON), reported the exercise of a large sell of company stock options.
What Happened: The latest Form 4 filing on Monday with the U.S. Securities and Exchange Commission uncovered Wakefield, Chief Operating Officer at AAON, exercising stock options for 106,000 shares of AAON. The total transaction was valued at $4,693,959.
The Tuesday morning market activity shows AAON shares down by 0.0%, trading at $70.74. This implies a total value of $4,693,959 for Wakefield's 106,000 shares.
Delving into AAON's Background
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
AAON's Financial Performance
Revenue Growth: AAON's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 28.59%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average ...