Lennox (LII) director Norris gets 343-share award and updates trust holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NORRIS JOHN W III reported acquisition or exercise transactions in this Form 4 filing.
Lennox International director John W. Norris III reported an equity award and updated indirect holdings in company stock. He received a grant of 343 shares of common stock at no cost, increasing his direct holdings to 178,920 shares. The filing also lists multiple indirect positions held through various trusts, a family limited partnership, and a spouse account, with updated totals reflecting changes in the form of beneficial ownership rather than new market trades. Footnotes state that Norris is a co-trustee or related party for many of these entities and that he disclaims beneficial ownership of those securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
NORRIS JOHN W III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $0.01 Per Share | 343 | $0.00 | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
| holding | Common Stock, Par Value $0.01 Per Share | -- | -- | -- |
Holdings After Transaction:
Common Stock, Par Value $0.01 Per Share — 178,920 shares (Direct, null);
Common Stock, Par Value $0.01 Per Share — 6,551 shares (Indirect, Norris Living Trust)
Footnotes (1)
- Reflects changes to totals due to changes in the form of the insider's beneficial ownership. The reporting person is a co-trustee and holds a remainder interest therein. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The reporting person is a co-trustee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The reporting person is president of J.W. Norris, Inc., the general partner of the Norris Family Limited Partnership (the "Limited Partnership"), and also holds a percentage of the limited partnership interest in the Limited Partnership. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Key Figures
Equity award: 343 shares
Direct holdings after award: 178,920 shares
Norris Family Ltd. P holdings: 2,545,105 shares
+5 more
8 metrics
Equity award
343 shares
Grant, award, or other acquisition of common stock
Direct holdings after award
178,920 shares
Common stock directly held by John W. Norris III after transaction
Norris Family Ltd. P holdings
2,545,105 shares
Indirect Lennox common stock held by Norris Family Ltd. P
Norris Marital Trust - Non-Exempt
178,295 shares
Indirect holdings of Lennox common stock
Norris Marital Trust - Exempt
27,731 shares
Indirect holdings of Lennox common stock
Spouse indirect holdings
5,636 shares
Lennox common stock held by Catherine Houlihan, spouse
JWN III Trust A holdings
107,250 shares
Indirect Lennox common stock in JWN III Trust A
Norris Living Trust holdings
6,551 shares
Indirect Lennox common stock in Norris Living Trust
Key Terms
beneficial ownership, pecuniary interest, co-trustee, Section 16, +1 more
5 terms
beneficial ownership financial
"Reflects changes to totals due to changes in the form of the insider's beneficial ownership."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
co-trustee financial
"The reporting person is a co-trustee and holds a remainder interest therein."
Section 16 regulatory
"this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
limited partnership interest financial
"holds a percentage of the limited partnership interest in the Limited Partnership."
FAQ
What did John W. Norris III report in this Lennox (LII) Form 4?
The Form 4 shows director John W. Norris III received a grant of 343 Lennox common shares at no cost, raising his direct holdings to 178,920 shares, and updated totals for several indirect holdings through trusts and a family limited partnership.
What indirect Lennox (LII) holdings associated with Norris are disclosed?
The Form 4 lists indirect holdings through several entities, including Norris Family Ltd. P with 2,545,105 shares and the Norris Marital Trust – Non-Exempt with 178,295 shares. These reflect positions where Norris is a co-trustee or related party, subject to beneficial ownership disclaimers.