Form 4: Lennox International Director Sells Over 3,000 Shares Under Pre-Arranged Plan
Insider Transaction Report
John W. Norris III, a Director at Lennox International Inc., sold 3,190 shares of common stock for $600 per share, totaling approximately $1.91 million, as part of a Rule 10b5-1 trading plan.
Summary
- John W. Norris III, a Director of Lennox International Inc. (LII), disposed of 3,190 shares of the company's common stock.
- The transaction occurred on July 1, 2025, at a price of $600 per share.
- The sale was executed pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
- Following this transaction, John W. Norris III directly beneficially owns 207,286 shares of common stock.
- Indirect beneficial ownership includes 107,250 shares through JWN III Trust A, 47,853 shares through Norris Living Trust, 18,480 shares through Norris Marital Trust Exempt, 146,835 shares through Norris Marital Trust Non-Exempt, 530 shares through Norris Childs Trust fbo John W. Norris III, 1,685 shares through Norris-Newman Minors Trust, 2,545,105 shares through Norris Family Ltd. P, 28,372 shares through B.W. Norris Revocable Trust, 5,636 shares through Catherine Houlihan-spouse, 28,372 shares through L. C. Norris Trust, and 28,372 shares through W.H. Norris Revocable Trust.
Sentiment
Score: 4
Explanation: The sale of shares by a director, while reducing insider ownership, was conducted under a pre-arranged 10b5-1 plan, which typically signals a planned diversification or liquidity event rather than a reaction to negative company-specific news, thus mitigating potential negative sentiment.
Negatives
- A Director, John W. Norris III, sold 3,190 shares of common stock, which reduces insider ownership.
Stakeholder Impact
- Shareholders may note the reduction in direct insider ownership, though the 10b5-1 plan context suggests a pre-planned transaction rather than a signal of immediate concern.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of transaction where 3,190 shares of common stock were disposed. |
| 07/02/2025 | Date the Form 4 was signed by the attorney-in-fact for John W. Norris III. |
Keywords
Lennox International Inc., LII, SEC Form 4, Insider Trading, Stock Sale, Director, John W. Norris III, 10b5-1 plan, Beneficial Ownership
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