Lennox director reports 990-share stock gift
Lennox International director John W. Norris III reported a bona fide gift of 990 shares of common stock, transferred at a price of $0.00 per share.
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Form Type
4
Rhea-AI Filing Summary
Lennox International director John W. Norris III reported a bona fide gift of 990 shares of common stock, transferred at a price of $0.00 per share. Following this gift, he directly holds 177,930 shares.
The filing also updates indirect holdings in multiple trusts, a family limited partnership, and spouse accounts. Footnotes state that Norris is co-trustee or related to these entities and disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
990 shares gifted
Gift
12 txns
Insider
NORRIS JOHN W III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, Par Value $0.01 Per Share | 990 | $0.00 | $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 — 177,930 shares (Direct);
Common Stock, Par Value $0.01 Per Share — 6,551 shares (Indirect, Norris Living Trust);
Common Stock, Par Value $0.01 Per Share — 27,731 shares (Indirect, Norris Marital Trust - Exempt);
Common Stock, Par Value $0.01 Per Share — 178,295 shares (Indirect, Norris Marital Trust - Non-Exempt);
Common Stock, Par Value $0.01 Per Share — 727 shares (Indirect, Norris Childs Trust fbo John W. Norris III);
Common Stock, Par Value $0.01 Per Share — 107,250 shares (Indirect, JWN III Trust A);
Common Stock, Par Value $0.01 Per Share — 1,685 shares (Indirect, Norris-Newman Minors Trust);
Common Stock, Par Value $0.01 Per Share — 2,545,105 shares (Indirect, Norris Family Ltd. P);
Common Stock, Par Value $0.01 Per Share — 28,372 shares (Indirect, B.W. Norris Revocable Trust);
Common Stock, Par Value $0.01 Per Share — 5,636 shares (Indirect, Catherine Houlihan-spouse);
Common Stock, Par Value $0.01 Per Share — 28,372 shares (Indirect, L. C. Norris Trust);
Common Stock, Par Value $0.01 Per Share — 28,372 shares (Indirect, W.H. Norris Revocable Trust)
Footnotes (4)
- F1. 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.
- F2. The reporting person is a co-trustee.
- F3. 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.
- F4. 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
Gifted shares: 990 shares
Gift price: $0.00 per share
Direct holdings after transaction: 177,930 shares
+3 more
6 metrics
Gifted shares
990 shares
Bona fide gift of common stock
Gift price
$0.00 per share
Stated transaction price for gifted shares
Direct holdings after transaction
177,930 shares
Common stock held directly after gift
Indirect Norris Family Ltd. P holdings
2,545,105 shares
Common stock held indirectly via Norris Family Ltd. P
JWN III Trust A holdings
107,250 shares
Common stock held indirectly via JWN III Trust A
Norris Marital Trust - Non-Exempt holdings
178,295 shares
Common stock held indirectly in non-exempt marital trust
Key Terms
bona fide gift, beneficial ownership, pecuniary interest, revocable trust, +2 more
6 terms
bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"the reporting person disclaims beneficial ownership of these securities"
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
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
revocable trust financial
"W.H. Norris Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Limited Partnership financial
"Norris Family Limited Partnership (the "Limited Partnership")"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
co-trustee financial
"The reporting person is a co-trustee and holds a remainder interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LII director John W. Norris III report?
John W. Norris III reported a bona fide gift of 990 shares of Lennox International common stock. The shares were transferred at a stated price of $0.00 per share, indicating a non-market, no‑consideration transfer rather than an open‑market sale.
Were there any Lennox International (LII) open-market sales or purchases in this Form 4?
The Form 4 shows no open-market purchases or sales. It reports a single bona fide gift of 990 shares and several holding entries for indirect accounts, which update positions in trusts and family entities rather than record market trades.
What indirect holdings in Lennox International (LII) are associated with Norris?
The filing lists indirect interests in multiple trusts and a family limited partnership, including the Norris Family Limited Partnership and several revocable and marital trusts. These entries show share balances held for family and estate-planning purposes rather than direct personal trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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