LII Rule 144 Notice — 300 Shares from Restricted Vesting to Be Sold
Rhea-AI Filing Summary
Lennox International Inc. (LII) notice records a proposed sale of 300 common shares acquired by the holder through restricted stock vesting on 03/14/2025. The filer plans an approximate sale date of 08/22/2025 on the NYSE through Fidelity Brokerage Services LLC. The reported aggregate market value of the 300 shares at filing is $177,558.03 and total shares outstanding are shown as 35,124,281, indicating the transaction represents a very small fraction of the company’s outstanding common stock. The filing includes the seller’s representation that they are not aware of any undisclosed material adverse information about the issuer.
Positive
- Clear compliance disclosure of intended Rule 144 sale with broker, date, and quantity specified
- Acquisition method disclosed: shares were acquired via restricted stock vesting and paid as compensation
- Aggregate value provided: the 300 shares are reported at $177,558.03, giving transparency on size
Negative
- None.
Insights
TL;DR Routine Rule 144 notice for a small post-vesting sale; primarily a compliance disclosure.
The filing documents a planned sale under Rule 144 of 300 shares acquired via restricted stock vesting on 03/14/2025, to be executed through Fidelity on the NYSE around 08/22/2025. The aggregate market value reported is $177,558.03 and the issuer outstanding shares are listed as 35,124,281. This notice meets the regulatory requirement to disclose intended sales by an insider or restricted-holder and includes the standard attestation regarding undisclosed material adverse information.
TL;DR Transaction is immaterial to market cap and unlikely to affect trading or valuation.
At 300 shares versus 35,124,281 shares outstanding, the sale equals a de minimis portion of the float. The filing provides acquisition details (restricted stock vesting) and payment noted as compensation, which clarifies there is no purchase financing or gift involved. As a straightforward Rule 144 notice, it is procedural and not a material corporate event.