Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-18

AAON Inc (AAON)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$3,656,082
Matthew Tobolski total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
96.73%
Say-on-pay support, latest vote
Companies that benchmark against AAON
11 companies name AAON as a compensation peer

Each company listed discloses AAON in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AAON in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Matthew Tobolski$712,885$0$1,916,180$764,557$218,869$0$43,591$3,656,082
Chief Executive Officer
Gary Fields647,1150514,508207,709186,954051,3871,607,673
Special Advisor to the Board
Rebecca Thompson442,3080353,738142,83796,107045,7451,080,735
Chief Financial Officer and Treasurer
Stephen Wakefield400,0000273,438110,35981,747040,500906,044
Executive Vice-President and General Manager, AAON Business Unit

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Matthew Tobolski$3,656,082$1,497,672+2,158,410
Gary Fields1,607,6734,148,6345,006,785−2,540,961
Rebecca Thompson1,080,7351,180,3161,447,171−99,581
Stephen Wakefield906,0441,076,6911,169,574−170,647

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1263,496,5802,148,60675,26696.73%Passed
20252025-05-1367,561,048585,362169,95299.14%Passed
20242024-05-2169,369,2672,185,41993,70596.95%Passed
20232023-05-1643,031,9322,877,22543,51693.64%Passed
20222022-05-1243,059,6332,163,64598,92495.01%Passed
20212021-05-1143,370,6431,721,969114,55695.94%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1296.73%a
20252025-05-1399.14%b
20242024-05-2196.95%c

a. Approved under the standard stated in the filing — “Accordingly, abstentions and broker non-votes will have no effect on the outcome of the vote on this proposal.”.

b. Approved under the standard stated in the filing — “Accordingly, abstentions and broker non-votes will have no effect on the outcome of the vote on this proposal.”.

c. Approved under the standard stated in the filing — “Accordingly, abstentions and broker non-votes will have no effect on the outcome of the vote on this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1AAON Inc2025Matthew Tobolski$712,885$1,916,180$764,557$218,869$3,656,082

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Matthew TobolskiDEF 14A2026-04-010000824142-26-000011Section “Summary Compensation Table” · page 41. As printed: 3,656,082. Filing ↗machine: r2 · c8 · span 1240752–1240761
2Section 01, Gary FieldsDEF 14A2026-04-010000824142-26-000011Section “Summary Compensation Table” · page 41. As printed: 1,607,673. Filing ↗machine: r4 · c8 · span 1249117–1249126
3Section 01, Rebecca ThompsonDEF 14A2026-04-010000824142-26-000011Section “Summary Compensation Table” · page 41. As printed: 1,080,735. Filing ↗machine: r7 · c8 · span 1261307–1261316
4Section 01, Stephen WakefieldDEF 14A2026-04-010000824142-26-000011Section “Summary Compensation Table” · page 41. As printed: 906,044. Filing ↗machine: r10 · c8 · span 1273766–1273773
5Section 06, 2026 voteForm 8-K2026-05-180000824142-26-000039Item 5.07 · say-on-pay result. As reported: 96.73% (votes for as printed: 63,496,580). Filing ↗
6Section 06, 2025 voteForm 8-K2025-05-160000824142-25-000164Item 5.07 · say-on-pay result. As reported: 99.14% (votes for as printed: 67,561,048). Filing ↗
7Section 06, 2024 voteForm 8-K2024-05-240000824142-24-000152Item 5.07 · say-on-pay result. As reported: 96.95% (votes for as printed: 69,369,267). Filing ↗
8Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
9AAON Inc (subject), Section 10b CEO totalDEF 14A2026-04-010000824142-26-000011CEO total compensation as printed in AAON Inc's own proxy. As printed: 3,656,082. Filing ↗machine: r2 · c8 · span 1240752–1240761