--- title: "Witnessing An Insider Decision, Gary D Fields Exercises Options Valued At $1.90M At AAON" type: "News" locale: "en" url: "https://longbridge.com/en/news/286585672.md" description: "Gary D. Fields, Director at AAON, exercised stock options for 19,081 shares valued at approximately $1.90 million, as disclosed in a recent SEC filing. Following this transaction, AAON's stock price fell by 3.09% to $135.68. The company reported a revenue growth of 54.3% in the last quarter, but its gross margin is low at 25.15%, and its EPS is below the industry average at 0.49. AAON's P/E ratio of 98.59 suggests potential overvaluation." datetime: "2026-05-15T15:01:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286585672.md) - [en](https://longbridge.com/en/news/286585672.md) - [zh-HK](https://longbridge.com/zh-HK/news/286585672.md) --- # Witnessing An Insider Decision, Gary D Fields Exercises Options Valued At $1.90M At AAON Highlighted on May 14, it was unveiled in an SEC filing that Fields, Director at **AAON** (NASDAQ:AAON), executed a significant transaction involving the exercise of company stock options. **What Happened:** A notable Form 4 filing on Thursday with the U.S. Securities and Exchange Commission revealed that Fields, Director at AAON, exercised stock options for 19,081 shares of AAON, resulting in a transaction value of $1,899,418. The Friday morning update indicates **AAON** shares down by 3.09%, currently priced at $135.68. At this value, Fields's 19,081 shares are worth $1,899,418. ### Unveiling the Story Behind AAON 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. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It generates the majority of its revenue from the AAON Oklahoma segment which derives maximum revenue, engineers, manufactures, and sells, semi-custom, and custom HVAC systems, designs and manufactures control solutions, and sells retail parts to customers through retail part stores and online. ### A Deep Dive into AAON's Financials **Revenue Growth:** Over the 3 months period, AAON showcased positive performance, achieving a revenue growth rate of **54.3%** as of 31 March, 2026. This reflects 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 among peers in Industrials sector. **Exploring Profitability:** - Gross Margin: The company shows a low gross margin of 25.15%, suggesting potential challenges in cost control and profitability compared to its peers. - Earnings per Share (EPS): AAON's EPS reflects a decline, falling below the industry average with a current EPS of 0.49. **Debt Management:** AAON's debt-to-equity ratio is below the industry average. With a ratio of **0.48**, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors. **Valuation Metrics: A Closer Look** - Price to Earnings (P/E) Ratio: AAON's current Price to Earnings (P/E) ratio of 98.59 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment. - Price to Sales (P/S) Ratio: The current P/S ratio of 7.19 is above industry norms, reflecting an elevated valuation for AAON's stock and potential overvaluation based on sales performance. - EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): AAON's EV/EBITDA ratio, surpassing industry averages at 47.74, positions it with an above-average valuation in the market. **Market Capitalization:** With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers. ### Exploring the Significance of Insider Trading While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process. Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction. The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise. However, insider sells may not always signal a bearish view and can be influenced by various factors. ### Exploring Key Transaction Codes Investors prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A **P** in Box 3 indicates a purchase, while **S** indicates a sale. Transaction code **C** indicates the conversion of an option, and transaction code **A** indicates grant, award or other acquisition of securities from the company. Check Out The Full List Of AAON's Insider Trades. _This article was generated by Benzinga's automated content engine and reviewed by an editor._ ### Related Stocks - [AAON.US](https://longbridge.com/en/quote/AAON.US.md) ## Related News & Research - [Insider Selling: Matthew J. 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