Form 4: Lennox International Director John W. Norris III Reports Changes in Beneficial Ownership

Director John W. Norris III reports changes in beneficial ownership of Lennox International stock due to dividend reinvestment and appointments related to trusts and a limited partnership.

Summary

• On January 17, 2024, John W. Norris III acquired 4.318 shares of Lennox International common stock through dividend reinvestment at a price of $428.11 per share.
• On January 26, 2024, Norris acquired 214,758 shares through appointment as co-trustee of the Norris Living Trust.
• On January 26, 2024, Norris acquired 2,545,105 shares through appointment as president of J.W. Norris, Inc., the general partner of the Norris Family Limited Partnership.
• Norris disclaims beneficial ownership of certain securities held in various trusts and the limited partnership, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports changes in beneficial ownership due to administrative roles and dividend reinvestment, with disclaimers of beneficial ownership for a significant portion of the shares.

Positives

• The director's increased holdings, even if partially disclaimed, could be interpreted as a sign of confidence in the company.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company's stock.

Key Dates