Lennox (LII) CTO Bedapudi receives stock grant and 1,776 SARs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lennox International EVP and Chief Technology Officer Prakash Bedapudi reported receiving new equity-based compensation. On 02/02/2026, he was granted 738 shares of Lennox common stock at a price of $0 per share, bringing his directly held common stock to 18,708 shares.
He was also granted a non-qualified stock appreciation right covering 1,776 shares of common stock at an exercise price of $493.09 per share. According to the terms, one third of these rights become exercisable on 02/02/2027 and on the same date each year thereafter, with the entire grant fully exercisable by 02/02/2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BEDAPUDI PRAKASH
Role
EVP, Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-qualified Stock Appreciation Right | 1,776 | $0.00 | -- |
| Grant/Award | Common Stock, Par Value $0.01 Per Share | 738 | $0.00 | -- |
Holdings After Transaction:
Non-qualified Stock Appreciation Right — 1,776 shares (Direct);
Common Stock, Par Value $0.01 Per Share — 18,708 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Lennox International (LII) report for Prakash Bedapudi?
Lennox International reported that EVP and Chief Technology Officer Prakash Bedapudi received 738 shares of common stock at $0 per share and a non-qualified stock appreciation right covering 1,776 shares at an exercise price of $493.09 on 02/02/2026.
What are the terms of Prakash Bedapudi’s Lennox stock appreciation rights?
Bedapudi received a non-qualified stock appreciation right for 1,776 shares at $493.09 per share. One third becomes exercisable on 02/02/2027 and on the same date each year thereafter, with the entire grant fully exercisable on 02/02/2029.
Is the Lennox (LII) insider transaction a purchase or an equity grant?
The reported activity is an equity grant, not an open-market purchase. Bedapudi received 738 common shares at $0 and a non-qualified stock appreciation right, both coded as acquisitions (A), indicating compensation rather than a cash share purchase.
What role does the insider in this Lennox (LII) Form 4 hold?
The insider, Prakash Bedapudi, serves as Executive Vice President and Chief Technology Officer of Lennox International. His position is disclosed in the filing and explains why his equity-based compensation transactions must be reported on Form 4.
When do the newly granted Lennox stock appreciation rights expire?
The non-qualified stock appreciation rights granted to Bedapudi expire on 02/02/2033. They start becoming exercisable in stages beginning 02/02/2027, with the full 1,776-share grant scheduled to be exercisable by 02/02/2029.