Form 4: Lennox International EVP Daniel M. Sessa Reports Stock Transactions
SEC Form 4
Daniel M. Sessa, EVP and Chief HR Officer of Lennox International, reported the acquisition and disposition of company stock and derivative securities on August 16, 2024.
Summary
- On August 16, 2024, Daniel M. Sessa, the EVP and Chief HR Officer of Lennox International Inc. (LII), engaged in multiple transactions involving the company's common stock and non-qualified stock appreciation rights.
- Sessa acquired 5,404 shares of common stock at $214.63 per share and 6,573 shares at $205.53 per share through the exercise of stock appreciation rights.
- He also disposed of 3,357 shares, 4,013 shares, 1,544 shares, 503 shares, 2,560 shares, 7,972 shares, 787 shares and 89 shares of common stock at prices ranging from $570.53 to $574.58 per share.
- Following these transactions, Sessa directly owns 32,049 shares of Lennox International Inc.
- Sessa also disposed of 5,404 and 6,573 non-qualified stock appreciation rights.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the executive's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 12/08/2018 | One third of the Stock Appreciation Rights became exercisable on this date and each year thereafter. |
| 12/07/2019 | One third of the Stock Appreciation Rights became exercisable on this date and each year thereafter. |
| 12/08/2020 | The entire grant became fully exercisable on this date. |
| 12/07/2021 | The entire grant became fully exercisable on this date. |
| 12/08/2024 | Expiration Date of Non-qualified Stock Appreciation Right |
| 12/07/2025 | Expiration Date of Non-qualified Stock Appreciation Right |
| 08/16/2024 | Date of transaction |
| 08/19/2024 | Date of signature |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.