AAON AAON, INC.
Price Chart
Executive Summary
AAON insiders sold $4.81M in shares over a 7-day window, including CEO Matthew Tobolski ($1.08M open-market sale) and Director Gary Fields ($6.1M total sales across two dates). These sales occurred 8 days after AAON reported record Q1 2026 results ($496.9M revenue, +54.3% YoY) and raised full-year guidance to 40-45% growth. The insider selling is likely liquidity-driven following a strong earnings beat and stock price appreciation, not a bearish signal — the cluster represents only ~0.04% of AAON's $11.5B market cap, well below the 0.1% materiality threshold.
Key Financial Metrics
Actionable Insight
The insider selling is routine post-earnings profit-taking following a strong quarter and 54% YoY revenue growth. With the stock up significantly on record results and raised guidance, these sales are not a bearish signal. Monitor for any insider purchases in coming weeks, which would be a stronger signal. The $100M buyback authorization provides a floor.
Key Facts
- CEO Tobolski sold 8,000 shares open-market for $1.08M on May 13, 2026
- Director Fields sold 45,099 shares total ($6.11M) across May 12-13, including derivative exercises
- Total cluster open-market sales: ~$7.2M (including Fields' May 13 sale), ~0.06% of $11.5B market cap
- Sales follow record Q1 earnings (revenue +54.3% YoY, EPS $0.48 vs $0.31 consensus) and raised guidance
- Six directors received non-cash stock grants of 1,290 shares each on May 12 — routine compensation
- No insider purchases in the cluster — all cash transactions are sales
Financial Impact
Total insider sales of ~$7.2M represent ~0.06% of AAON's $11.5B market cap — immaterial relative to company size
Risk Factors
- Insider selling may continue as executives diversify after stock appreciation
- Backlog of $2.13B (+107%) creates execution risk — any slowdown in conversion could pressure the stock
- Elevated valuation post-earnings rally increases sensitivity to any future guidance misses
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AAON-1778865143455 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
8-K
| $132.69 awaiting T+5 | awaiting T+5 | — | $129.66 (−2.28%) |
|
Jun 5, 2026
4d ago
|
Insider Cluster
| $137.32 awaiting T+5 | awaiting T+5 | — | $129.66 (−5.57%) |
|
Jun 1, 2026
8d ago
|
ANALYST-UPGRADE
| $73.45 $72.99 | ▼ −0.62% | ▼ −1.31% | $129.66 (+76.53%) |
|
May 27, 2026
13d ago
|
Insider Cluster
| $139.54 $143.50 | ▲ +2.84% | ▲ +1.63% | $129.66 (−7.08%) |
|
May 27, 2026
13d ago
|
Insider Cluster
| $139.54 $143.50 | ▲ +2.84% | ▲ +1.63% | $129.66 (−7.08%) |
|
May 18, 2026
22d ago
|
8-K
| $133.94 $141.12 | ▲ +5.36% | ▲ +3.74% | $129.66 (−3.20%) |
|
May 15, 2026
25d ago
|
Insider Cluster
| $135.49 $134.60 | ▼ −0.66% | ▼ −1.62% | $129.66 (−4.30%) |
|
May 13, 2026
27d ago
|
Insider Cluster
| $140.00 $132.39 | ▼ −5.44% | ▼ −4.72% | $129.66 (−7.39%) |
|
May 13, 2026
27d ago
|
144
| $135.37 $133.76 | ▼ −1.19% | ▼ −1.05% | $129.66 (−4.22%) |
|
May 7, 2026
4w ago
|
8-K
| $129.25 $135.37 | ▲ +4.74% | ▲ +3.23% | $129.66 (+0.32%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access