Lennox (NYSE: LII) EVP nets stock award after tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lennox International executive Joseph Nassab, EVP & President, Building Climate Solutions, reported routine equity compensation activity. He received a grant of 3,645 shares of common stock at no cost, then had 1,246 shares withheld at a price of $480.4775 per share to cover tax obligations. After these transactions, he directly holds 11,063 shares of Lennox common stock. The filing reflects standard stock-based compensation rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Nassab Joseph
Role
EVP & Pres., Bldg Climate Sol.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, Par Value $0.01 Per Share | 3,645 | $0.00 | -- |
| Tax Withholding | Common Stock, Par Value $0.01 Per Share | 1,246 | $480.4775 | $599K |
Holdings After Transaction:
Common Stock, Par Value $0.01 Per Share — 12,309 shares (Direct)
Footnotes (1)
FAQ
What did Lennox International (LII) executive Joseph Nassab report in this Form 4?
Joseph Nassab reported a routine equity compensation event. He received 3,645 Lennox common shares as a grant and had 1,246 shares withheld to satisfy taxes, leaving him with 11,063 directly held shares after the transactions.
Does this Lennox (LII) Form 4 show open-market buying or selling by Joseph Nassab?
No open-market trades are reported. The filing shows a stock grant coded “A” and a tax-withholding disposition coded “F.” Both are compensation and tax events, not discretionary market purchases or sales of Lennox shares.