Lennox (NYSE: LII) CFO receives 2,131 SARs plus 885 new shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lennox International EVP and Chief Financial Officer Michael Quenzer reported new equity awards. On 02/02/2026, he received 2,131 non-qualified stock appreciation rights with an exercise price of $493.09 per share. One third becomes exercisable on 02/02/2027, with the grant fully exercisable by 02/02/2029.
On the same date, he also acquired 885 shares of common stock at a price of $0 per share, bringing his directly held common stock to 4,287 shares. These transactions reflect equity-based compensation rather than open-market purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Quenzer Michael
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-qualified Stock Appreciation Right | 2,131 | $0.00 | -- |
| Grant/Award | Common Stock, Par Value $0.01 Per Share | 885 | $0.00 | -- |
Holdings After Transaction:
Non-qualified Stock Appreciation Right — 2,131 shares (Direct);
Common Stock, Par Value $0.01 Per Share — 4,287 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transactions did Lennox (LII) CFO Michael Quenzer report?
Michael Quenzer reported receiving equity awards on 02/02/2026. He acquired 2,131 non-qualified stock appreciation rights at an exercise price of $493.09 and 885 shares of Lennox common stock at $0, increasing his direct common stock holdings to 4,287 shares.
How many stock appreciation rights did the Lennox (LII) CFO receive and at what price?
The Lennox CFO received 2,131 non-qualified stock appreciation rights on 02/02/2026. These rights have an exercise price of $493.09 per share and are tied to Lennox common stock, aligning a portion of his compensation with the company’s share price performance over time.
What is the vesting schedule for Michael Quenzer’s 2,131 stock appreciation rights at Lennox (LII)?
One third of Michael Quenzer’s 2,131 stock appreciation rights becomes exercisable on 02/02/2027. Additional portions vest each year thereafter, and the entire grant becomes fully exercisable on 02/02/2029, creating a multi-year incentive tied to Lennox International’s share performance.
Were Michael Quenzer’s Lennox (LII) equity awards open-market purchases or compensation grants?
The reported transactions appear to be compensation grants rather than open-market purchases. He received 2,131 non-qualified stock appreciation rights and 885 common shares, both recorded at a transaction price of $0, which is typical for equity awards granted as part of executive compensation.