Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity and Securities and Use of Proceeds.
Stock Repurchases
The Company may repurchase AAON, Inc. stock on the open market from time to time. For the three months ended March 31, 2026, we have repurchased zero shares under the current $100 million open market stock buyback program, approved by the Board of Directors on February 27, 2025. The Board must authorize the timing and amount of these purchases and all repurchases are in accordance with the rules and regulations of the SEC allowing the Company to repurchase shares from the open market.
The Company also repurchases shares of AAON, Inc. stock from employees for payment of statutory tax withholdings on stock transactions and/or stock repurchased to cover the strike price of stock options. For the three months ended March 31, 2026, we repurchased approximately 34.6 thousand shares (at current market prices) for an aggregate price of $3.2 million, or an average price of $92.66 per share.
Repurchases during the first quarter of 2026 were as follows:
ISSUER PURCHASES OF EQUITY SECURITIES
Period (a)
Total Number
of Shares
(or Units)
Purchased (b)
Average Price
Paid
Per Share
(or Unit) (c)
Total Number
of Shares (or
Units) Purchased
as part of
Publicly Announced
Plans or Programs (d)
Maximum Number (or
Approximate Dollar
Value) of Shares (or
Units) that may yet be
Purchased under the
Plans or Programs
January 2026 16,803 $ 94.10 16,803 —
February 2026 1,968 101.22 1,968 —
March 2026 15,797 89.99 15,797 —
Total 34,568 $ 92.63 34,568 —
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosure.
Not applicable.
Item 4A. Submission of Matters to a Vote of Security Holders.
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.