Form 4: Lennox International CEO Alok Maskara Reports Stock and Derivative Transactions
SEC Form 4 Filing
Alok Maskara, CEO of Lennox International, reports acquisition and disposal of common stock and acquisition of stock appreciation rights.
Summary
- Alok Maskara, the CEO of Lennox International, filed a Form 4 detailing changes in beneficial ownership.
- On February 3, 2025, Maskara acquired 3,011 shares of common stock.
- Also on February 3, 2025, Maskara disposed of 15,872 shares of common stock.
- Following these transactions, Maskara beneficially owns 15,872 shares of common stock.
- Maskara also acquired 7,120 non-qualified stock appreciation rights with an exercise price of $576.28 on February 3, 2025.
- These rights become exercisable in thirds annually starting February 3, 2026, and will be fully exercisable by February 3, 2028, expiring on February 3, 2032.
- Following the transaction, Maskara directly owns 7,120 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company leadership.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the CEO's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of stock and derivative transactions. |
| 02/03/2026 | First vesting date for one-third of the stock appreciation rights. |
| 02/03/2028 | Date when all stock appreciation rights are fully exercisable. |
| 02/03/2032 | Expiration date of the stock appreciation rights. |
| 02/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Lennox International, Stock Appreciation Rights, Common Stock, Beneficial Ownership, Maskara, CEO, LII
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