v3.26.1
Shareholders' Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Shareholders' Equity Stockholders' Equity
Stock Repurchases
The Board has authorized one active stock repurchase program for the Company. The Company may purchase shares on the open market from time to time. 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.
Our authorized open market repurchase programs during the periods are as follows:
Agreement Execution DateAuthorized Repurchase $Expiration Date
February 25, 2025$100 million
**1
1 Expiration Date is at Board's discretion. The Company is authorized to effectuate repurchases of the Company's common stock on terms and conditions approved in advance by the Board. As of June 30, 2026, approximately $30 million of shares have been repurchased, and approximately $70.0 million remains under the current board authorization.
The Company repurchases shares of AAON, Inc. stock related to the LTIP Plans (Note 14) at current market prices.
Our repurchase activity is as follows:
Six Months Ended June 30,
20262025
(in thousands, except share and per share data)
ProgramSharesTotal $$ per shareSharesTotal $$ per share
Open market— $— $— 371,139 $29,992 $80.81 
LTIP Shares44,070 4,468 101.38 91,550 9,167 100.13 
Total44,070 $4,468 $101.38 462,689 $39,159 $84.63 
1 Includes stock repurchased for payment of statutory tax withholding and/or stock repurchased to cover the strike price of stock options.
Cash Dividends
At the discretion of the Board, we pay cash dividends. Board approval is required to determine the date of declaration and amount for each cash dividend payment.
Our recent cash dividends are as follows:
DividendAnnualized Dividend
Declaration DateRecord DatePayment Date per Shareper Share
May 13, 2025June 6, 2025June 27, 2025$0.10$0.40
August 14, 2025September 5, 2025September 26, 2025$0.10$0.40
November 10, 2025November 26, 2025December 18, 2025$0.10$0.40
March 5, 2026March 18, 2026March 30, 2026$0.10$0.40
May 12, 2026June 5, 2026June 26, 2026$0.10$0.40