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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2025
Equity [Abstract] |
Schedule of Class of Treasury Stock | Our authorized open market repurchase programs during the periods are as follows:
Agreement Execution Date |  | Authorized Repurchase $ |  | Expiration Date
November 3, 2022 |  | $50 million 1 |  | February 27, 2024
February 27, 2024 |  | $50 million 1 |  | June 4, 2024
June 4, 2024 |  | $50 million 2 |  | June 14, 2024
February 25, 2025 |  | $100 million |  | **3
1 Repurchases made in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
2 Repurchases made in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
3 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 December 31, 2025, 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 15) at current market prices.
Schedule of Share Repurchases | Our repurchase activity is as follows:
| 2025 |  | 2024 |  | 2023 |
| (in thousands, except share and per share data) |
Program | Shares | Total $ | $ per share |  | Shares | Total $ | $ per share |  | Shares | Total $ | $ per share |
Open market | 371,139 |  | $ | 29,992 |  | $ | 80.81 |  |  | 1,353,564 |  | $ | 100,034 |  | $ | 73.90 |  |  | 402,873 |  | $ | 25,009 |  | $ | 62.08 |  |
LTIP Shares | 98,134 |  | 9,730 |  | 99.15 |  |  | 92,444 |  | 8,037 |  | 86.94 |  |  | 21,904 |  | 1,302 |  | 59.44 |  |
Total | 469,273 |  | $ | 39,722 |  | $ | 84.65 |  |  | 1,446,008 |  | $ | 108,071 |  | $ | 74.74 |  |  | 424,777 |  | $ | 26,311 |  | $ | 61.94 |  |
1 Includes stock repurchased for payment of statutory tax withholding and/or stock repurchased to cover the strike price of stock options.
Schedule of Dividends | Our recent cash dividends are as follows:
|  |  | Dividend | Annualized Dividend
Declaration Date | Record Date | Payment Date | per Share | per Share
March 1, 2023 | March 13, 2023 | March 31, 2023 | $0.08 | $0.32
May 18, 2023 | June 9, 2023 | June 30, 2023 | $0.08 | $0.32
August 18, 2023 | September 8, 2023 | September 29, 2023 | $0.08 | $0.32
November 10, 2023 | November 29, 2023 | December 18, 2023 | $0.08 | $0.32
March 5, 2024 | March 18, 2024 | March 29, 2024 | $0.08 | $0.32
May 24, 2024 | June 7, 2024 | June 28, 2024 | $0.08 | $0.32
August 15, 2024 | September 6, 2024 | September 27, 2024 | $0.08 | $0.32
November 13, 2024 | November 29, 2024 | December 19, 2024 | $0.08 | $0.32
March 5, 2025 | March 18, 2025 | March 28, 2025 | $0.10 | $0.40
May 13, 2025 | June 6, 2025 | June 27, 2025 | $0.10 | $0.40
August 14, 2025 | September 5, 2025 | September 26, 2025 | $0.10 | $0.40
November 10, 2025 | November 26, 2025 | December 18, 2025 | $0.10 | $0.40

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