Form 4: Lennox International EVP Prakash Bedapudi Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Technology Officer of Lennox International, Prakash Bedapudi, reports acquisition and disposal of company stock and stock appreciation rights.
Summary
- On February 3, 2025, Prakash Bedapudi, EVP and Chief Technology Officer of Lennox International Inc., reported transactions involving the company's stock.
- Bedapudi acquired 579 shares of common stock at $0 and disposed of 16,326 shares.
- Following these transactions, Bedapudi directly owns 16,326 shares of Lennox International Inc.
- Additionally, Bedapudi acquired 1,369 non-qualified stock appreciation rights (SAR) with an exercise price of $576.28.
- These SARs become exercisable in three tranches starting February 3, 2026, and will be fully exercisable by February 3, 2028, expiring on February 3, 2032.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is standard practice for publicly traded companies to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of stock and derivative security transactions. |
| 02/03/2026 | First vesting date for one-third of the Stock Appreciation Rights. |
| 02/03/2028 | Date when all Stock Appreciation Rights will be fully exercisable. |
| 02/03/2032 | Expiration date of the Stock Appreciation Rights. |
| 02/05/2025 | Date of signature for the Form 4 filing. |
Keywords
Lennox International, Stock Appreciation Rights, Stock Transactions, Form 4, Beneficial Ownership, Bedapudi, LII
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