Lindsay's Brian James Magnusson acquires 1,415 shares
LNN's President - Irrigation received an option award with a $105.94 exercise price and vesting beginning November 1, 2027.
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Rhea-AI Filing Summary
Lindsay Corp (LNN) reports that Brian James Magnusson, President - Irrigation, acquired 1,415 common shares on October 26, 2026; his direct common-share holdings afterward were 7,166 shares. The shares included amounts acquired through Lindsay Corporation's 2021 Employee Stock Purchase Plan and shares in the form of restricted stock units. The units are scheduled to vest and settle one-for-one in three equal installments on November 1, 2027, November 1, 2028, and November 1, 2029.
Magnusson also received an option to purchase 4,384 common shares at an exercise price of $105.94. It vests in three equal annual installments beginning November 1, 2027, and expires October 26, 2036. His reported direct option positions also include options covering 2,847 shares at $114.41, expiring October 27, 2035; 2,370 at $121.16, expiring October 28, 2034; 1,837 at $120.54, expiring October 23, 2033; and 360 at $156.16, expiring October 24, 2032.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option to Purchase F3 | 4,384 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 1,415 | $0.00 | $0.00 |
| holding | Option to Purchase F4 | -- | -- | -- |
| holding | Option to Purchase F5 | -- | -- | -- |
| holding | Option to Purchase F6 | -- | -- | -- |
| holding | Option to Purchase F7 | -- | -- | -- |
Footnotes (7)
- F1. Includes restricted stock units that will vest and settle in shares of Lindsay Corporation's common stock on a one-for-one basis in three equal installments on the following dates: November 1, 2027; November 1, 2028; and November 1, 2029.
- F2. Includes shares of common stock acquired pursuant to Lindsay Corporation's 2021 Employee Stock Purchase Plan and shares of common stock in the form of restricted stock units.
- F3. The option vests in three equal annual installments beginning on November 1, 2027.
- F4. The option vests in three equal annual installments beginning on November 1, 2026.
- F5. The option vests in three equal annual installments, which began on November 1, 2025.
- F6. The option vests in three equal annual installments, which began on November 1, 2024.
- F7. The option vested in three equal annual installments, which began on November 1, 2023.
Key Figures
Key Terms
restricted stock units financial
Employee Stock Purchase Plan financial
one-for-one basis financial
equal annual installments financial
FAQ
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What option award did LNN's President - Irrigation receive?
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