Form 4: Lennox International Executive Gary S. Bedard Reports Stock Transactions
SEC Form 4 Filing
Gary S. Bedard, an executive at Lennox International, reported the acquisition and disposal of company stock and stock appreciation rights on August 19, 2024.
Summary
- On August 19, 2024, Gary S. Bedard, EVP & President, Home Comfort Solutions at Lennox International Inc., reported transactions involving the company's common stock and non-qualified stock appreciation rights.
- Bedard acquired 3,132 shares of common stock at a price of $214.63 through the exercise of stock appreciation rights.
- He also disposed of 1,943 shares at $574.37 per share, 1,189 shares at $576.41 per share, and gifted 520 shares at $0.
- Following these transactions, Bedard directly owns 19,945 shares of Lennox International Inc.
- He also owns non-qualified stock appreciation rights for 0 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It simply reports facts.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to provide transparency into insider activity.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 12/07/2019 | One third of the Stock Appreciation Rights became exercisable. |
| 12/07/2021 | The entire grant of Stock Appreciation Rights became fully exercisable. |
| 08/19/2024 | Date of transactions involving common stock and stock appreciation rights. |
| 08/20/2024 | Date of signature for the Form 4 filing. |
| 12/07/2025 | Expiration date of the Stock Appreciation Rights. |
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