Form 4: Lennox International EVP Michael Quenzer Reports Stock Transactions
SEC Form 4 Filing
Michael Quenzer, EVP and Chief Financial Officer of Lennox International, reports the acquisition and disposal of company stock and stock appreciation rights.
Summary
- On February 3, 2025, Michael Quenzer, EVP and Chief Financial Officer of Lennox International, reported transactions involving the company's stock.
- Quenzer acquired 625 shares of common stock at $0.
- He also disposed of 3,085 shares of common stock.
- Following these transactions, Quenzer directly owns 3,085 shares of Lennox International.
- Additionally, Quenzer acquired 1,479 non-qualified stock appreciation rights (SARs) with an exercise price of $576.28.
- These SARs become exercisable in three tranches, starting on February 3, 2026, and fully exercisable by February 3, 2028, expiring on February 3, 2032.
- After the transaction, Quenzer directly owns 1,479 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral filing of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of stock and derivative securities transactions. |
| 02/03/2026 | First tranche of Stock Appreciation Rights becomes exercisable. |
| 02/03/2028 | Stock Appreciation Rights become fully exercisable. |
| 02/03/2032 | Expiration date of the Stock Appreciation Rights. |
| 02/05/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Lennox International, Stock Appreciation Rights, Michael Quenzer, Stock Transactions, Beneficial Ownership, Securities
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