Lennox International (NYSE: LII) EVP Nassab granted 1,847 SARs and 767 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lennox International executive Joseph Nassab, EVP & President, Building Climate Solutions, reported new equity awards. On 02/02/2026, he acquired 767 shares of common stock at a reported price of $0, bringing his directly held common stock to 8,664 shares.
He was also granted a non-qualified stock appreciation right covering 1,847 shares with an exercise price of $493.09 per share. According to the vesting schedule, one third of these rights become exercisable on 02/02/2027 and 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
Nassab Joseph
Role
EVP & Pres., Bldg Climate Sol.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-qualified Stock Appreciation Right | 1,847 | $0.00 | -- |
| Grant/Award | Common Stock, Par Value $0.01 Per Share | 767 | $0.00 | -- |
Holdings After Transaction:
Non-qualified Stock Appreciation Right — 1,847 shares (Direct);
Common Stock, Par Value $0.01 Per Share — 8,664 shares (Direct)
Footnotes (1)
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FAQ
What stock awards did Lennox (LII) EVP Joseph Nassab report?
Joseph Nassab reported receiving 767 Lennox common shares at a reported price of $0 and a non-qualified stock appreciation right over 1,847 shares at an exercise price of $493.09 per share, all held directly according to the Form 4.
What are the terms of Joseph Nassab’s new stock appreciation rights at Lennox (LII)?
Nassab received non-qualified stock appreciation rights covering 1,847 Lennox shares with a $493.09 exercise price. One third becomes exercisable on 02/02/2027 and each year thereafter, with the entire grant fully exercisable by 02/02/2029, subject to continued eligibility.
When do Joseph Nassab’s Lennox (LII) stock appreciation rights fully vest?
The stock appreciation rights granted to Joseph Nassab begin vesting on 02/02/2027, with one third vesting each year. The filing states the entire 1,847-unit grant becomes fully exercisable on 02/02/2029, assuming vesting conditions are met through that date.
Is Joseph Nassab’s Lennox (LII) Form 4 transaction a purchase or a grant?
The Form 4 shows equity grants rather than open-market purchases. Nassab acquired 767 common shares at a reported price of $0 and received a non-qualified stock appreciation right over 1,847 shares at a $493.09 exercise price, typical of compensation awards.
What role does Joseph Nassab hold at Lennox (LII) in this Form 4?
In the Form 4, Joseph Nassab is identified as an officer of Lennox International, serving as Executive Vice President and President, Building Climate Solutions. The reported equity awards relate to his position as a senior executive of the company.