Form 4: Lennox International Director Sells Over $1.9 Million in Company Stock Under 10b5-1 Plan

A director at Lennox International Inc. sold 3,190 shares of common stock for approximately $1.93 million, executed under a pre-arranged 10b5-1 trading plan.

Summary

• John W. Norris III, a Director of Lennox International Inc. (LII), reported a sale of company common stock.
• The transaction involved the disposition of 3,190 shares of Common Stock, Par Value $0.01 Per Share.
• The sale occurred on July 3, 2025, at a price of $606 per share.
• The total value of the shares sold amounts to $1,933,140.
• The transaction was executed pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following this transaction, John W. Norris III directly beneficially owns 204,096 shares of Common Stock.
• Additionally, he indirectly beneficially owns a significant number of shares through various trusts and partnerships, including 107,250 shares via JWN III Trust A, 47,853 shares via Norris Living Trust, 18,480 shares via Norris Marital Trust Exempt, 146,835 shares via Norris Marital Trust Non-Exempt, 530 shares via Norris Childs Trust fbo John W. Norris III, 1,685 shares via Norris-Newman Minors Trust, 2,545,105 shares via Norris Family Ltd. P, 28,372 shares via B.W. Norris Revocable Trust, 5,636 shares via Catherine Houlihan-spouse, 28,372 shares via L. C. Norris Trust, and 28,372 shares via W.H. Norris Revocable Trust.
• The reporting person disclaims beneficial ownership of many of these indirect holdings except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral. While an insider sale can be seen negatively, the execution under a 10b5-1 plan suggests a pre-planned event rather than a reactive one, mitigating immediate negative sentiment. The filing itself is purely transactional and provides no operational or financial performance updates.

Positives

• The transaction was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled sale rather than a reactive one based on immediate market conditions or non-public information.

Negatives

• A director selling a significant number of shares (3,190 shares for $1,933,140) could be perceived negatively by some investors, as it represents a reduction in insider holdings.

Risks

• Insider selling, even when executed under a 10b5-1 plan, can sometimes be interpreted by the market as a signal of reduced confidence in the company's future prospects, potentially leading to negative investor sentiment or downward pressure on the stock price.

Future Outlook

N/A. This Form 4 filing reports a past transaction and does not provide forward-looking statements or guidance regarding the company's future performance.

Industry Context

N/A. This filing is specific to an insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• The reporting person indirectly holds shares through various trusts and partnerships, including JWN III Trust A, Norris Living Trust, Norris Marital Trust Exempt, Norris Marital Trust Non-Exempt, Norris Childs Trust fbo John W. Norris III, Norris-Newman Minors Trust, Norris Family Ltd. P, B.W. Norris Revocable Trust, Catherine Houlihan-spouse, L. C. Norris Trust, and W.H. Norris Revocable Trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, or entirely disclaims beneficial ownership for some trusts.

Stakeholder Impact

• Shareholders may interpret the director's sale as a signal regarding the company's future prospects, potentially influencing their investment decisions. The sale under a 10b5-1 plan may alleviate some concerns by indicating a pre-scheduled transaction rather than a reactive one.

Key Dates

Keywords

Lennox International Inc., LII, Insider Trading, Form 4, Stock Sale, Director, Equity Transaction, 10b5-1 Plan, Common Stock