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Industrials & Aerospace

AAON Inc Executive Compensation (FY25)

AAON · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Matthew Tobolski
Median of the other named officers
$906,044
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 12, 2026
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Data as of November 1, 2026Latest filing (8-K): May 18, 2026
10 filings cited on this page
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316 figures on this page: 310 cited to the filing that reported them, 6 calculated from figures it prints. See the citations

More on AAON Inc

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Matthew Tobolski: $1,497,672 → $3,656,082 (144.1% higher)
Say-on-pay support: 99.1% → 96.7% (2.4 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is AAON Inc's chief executive and what were they paid?
Matthew Tobolski, Chief Executive Officer, received $3,656,082 in total compensation for fiscal 2025. Tobolski's total moved 144.1% higher from the $1,497,672 reported for fiscal 2024.
What was AAON Inc's say-on-pay result?
The say-on-pay proposal drew 96.7% of votes cast for or against in favor at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in AAON Inc's peer group?
Companies named in the disclosed peer group include Ameresco, Inc., Armstrong World Industries, Inc., CECO Environmental Corp., CSW Industrials, Inc. and Encore Wire Corporation, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gary Fields
President and CEO
◇◇◇◇◇—◇◇
Rebecca Thompson
Vice President, Finance, Chief Financial Officer, and Treasurer
◇—◇◇◇—◇◇
Larry Stewart
Former Vice President, President of AAON Coil Products
Departed during or after this year
◇—◇◇——◇◇
Stephen Wakefield
Vice President, Chief Operating Officer
◇—◇◇◇—◇◇
Casey Kidwell
Vice President, Administration
◇—◇◇◇—◇◇
Gordon Wichman
Vice President, Executive Vice President of AAON Coil Products
◇◇◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gary Fields
Special Advisor to the Board
◇—◇◇◇—◇◇
Rebecca Thompson
Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Stephen Wakefield
Executive Vice-President and General Manager, AAON Business Unit
◇—◇◇◇—◇◇
Gordon Wichman
Vice President, President of AAON Coil Products
◇—◇◇◇—◇◇
Robert Teis
Vice President, Sales and Marketing
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gary Fields
Chief Executive Officer
◇—◇◇◇—◇◇
Matthew Tobolski
President, Chief Operating Officer
◇—◇◇◇—◇◇
Rebecca Thompson
Vice President, Finance, Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Stephen Wakefield
Vice President, Executive Vice-President of AAON, Inc. (an Oklahoma Corporation)
◇—◇◇◇—◇◇
David Benson
Vice President, President of BASX, Inc.
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matthew Tobolski
Chief Executive Officer
◇—◇◇◇—◇◇
Gary Fields
Special Advisor to the Board
Departed during or after this year
◇—◇◇◇—◇◇
Rebecca Thompson
Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Stephen Wakefield
Executive Vice-President and General Manager, AAON Business Unit
◇—◇◇◇—◇◇
Casey Kidwell
Chief Administrative Officer
◇—◇◇◇—◇◇
Matthew Shaub
Executive Vice-President and General Manager, BASX Business Unit
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Casey R. KidwellPSU◇◇◇—◇—◇
Casey R. KidwellRSU◇——◇——◇
Casey R. KidwellOPTION◇——◇—◇◇
Gary D. FieldsRSU◇——◇——◇
Gary D. FieldsPSU◇◇◇—◇—◇
Gary D. FieldsOPTION◇——◇—◇◇
Matthew J. ShaubPSU◇◇◇—◇—◇
Matthew J. ShaubRSU◇——◇——◇
Matthew J. ShaubOPTION◇——◇—◇◇
Matthew J. TobolskiPSU◇◇◇—◇—◇
Matthew J. TobolskiRSU◇——◇——◇
Matthew J. TobolskiPSU◇◇◇—◇—◇
Matthew J. TobolskiRSU◇——◇——◇
Matthew J. TobolskiOPTION◇——◇—◇◇
Matthew J. TobolskiOPTION◇——◇—◇◇
Rebecca A ThompsonRSU◇——◇——◇
Rebecca A ThompsonPSU◇◇◇—◇—◇
Rebecca A ThompsonOPTION◇——◇—◇◇
Stephen E. WakefieldRSU◇——◇——◇
Stephen E. WakefieldPSU◇◇◇—◇—◇
Stephen E. WakefieldOPTION◇——◇—◇◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Gary FieldsPSU◇◇——
Option◇—◇March 11, 2034
Option◇—◇March 6, 2033
Option◇—◇March 11, 2035
Matthew TobolskiPSU◇◇——
Option◇—◇May 13, 2035
Option◇—◇March 11, 2035
Option◇—◇January 1, 2034
Rebecca ThompsonPSU◇◇——
Option◇—◇March 11, 2035
Option◇—◇March 11, 2034
Option◇—◇March 6, 2033
Stephen WakefieldPSU◇◇——
Option◇—◇March 11, 2035
Option◇—◇March 11, 2034
Option◇—◇March 6, 2033
Casey KidwellPSU◇◇——
Option◇—◇March 11, 2035
Option◇—◇March 11, 2034
Option◇—◇March 6, 2033
Matthew ShaubOption◇—◇March 11, 2035
PSU◇◇——
Option◇—◇March 11, 2034
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
A.H. McElroy II
Board chair
◇◇————◇
Caron A. Lawhorn
◇◇————◇
Angela E. Kouplen
◇◇————◇
Stephen O. LeClair
◇◇————◇
David R. Stewart
◇◇————◇
Bruce Ware
◇◇————◇
Norman H. Asbjornson
◇◇————◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Ameresco, Inc. AMRC
  • Armstrong World Industries, Inc. AWI
  • CECO Environmental Corp. CECO
  • CSW Industrials, Inc. CSW
  • Encore Wire Corporation symbol not shown
  • Enerpac Tool Group Corp. EPAC
  • Gibraltar Industries, Inc. ROCK
  • Griffon Corporation GFF
  • Insteel Industries, Inc. IIIN
  • Powell Industries, Inc. POWL
  • Quanex Building Products Corporation NX
  • Simpson Manufacturing Co., Inc. SSD
  • The AZEK Company Inc. AZEK
  • The Gorman-Rupp Company GRC
  • Thermon Group Holdings, Inc. THR
  • Trex Company, Inc. TREX
  • Vicor Corporation VICR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 21, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 11, 2021=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Matthew Tobolski (Chief Executive Officer), FY2025 total compensation $3,656,082 (base salary $712,885) [exec_comp, SEC accession 0000824142-26-000011, filed 2026-04-01]

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What this page does not include

Everything above is a fact AAON Inc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where AAON Inc sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
316 figures on this page: 310 cited to the filing that reported them, 6 calculated from figures it prints.
310 cited to the filing
6 calculated from the filing

Documents cited

  1. 0000824142-26-000039
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000824142-26-000011
    Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year End · Summary Compensation Table
  3. 0000824142-25-000164
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000824142-25-000110
    Summary Compensation Table
  5. 0000824142-24-000152
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000824142-24-000106
    Summary Compensation Table
  7. 0000824142-23-000119
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000824142-23-000084
  9. 0000824142-22-000124
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000824142-21-000098
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “AAON Inc executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AAON (accessed 2026).
Short form: data: Velarion

The paid brief for AAON Inc

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
Get the executive briefGet the board briefNo account needed.
10 filings cited on this page
Method: intel.velarion.ai/methodology
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Industrials & Aerospace rankings

Chief executive pay — Industrials & AerospaceCEO pay ratio — Industrials & AerospaceSay-on-pay support — Industrials & Aerospace

Peers AAON Inc discloses

The companies named in AAON's own disclosed peer group.

Ameresco, Inc.Armstrong World Industries, Inc.CECO Environmental Corp.CSW Industrials, Inc.Enerpac Tool Group Corp.Gibraltar Industries, Inc.Griffon CorporationInsteel Industries, Inc.Powell Industries, Inc.Quanex Building Products CorporationSimpson Manufacturing Co., Inc.The AZEK Company Inc.The Gorman-Rupp CompanyThermon Group Holdings, Inc.Trex Company, Inc.Vicor Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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