Form 4: Lennox International VP Chris Kosel Reports Stock Transactions
SEC Form 4 Filing
Chris Kosel, VP-Corp Controller and CAO of Lennox International, reports the acquisition and disposal of common stock and stock appreciation rights.
Summary
- On February 3, 2025, Chris Kosel, VP-Corp Controller and CAO of Lennox International, reported transactions involving Lennox International Inc. [LII] securities.
- Kosel acquired 157 shares of common stock at $0 and disposed of 1,476 shares of common stock.
- Following these transactions, Kosel beneficially owns 1,476 shares of common stock.
- Kosel also acquired 372 non-qualified stock appreciation rights (SAR) with an exercise price of $576.28, exercisable starting February 3, 2026, and expiring on February 3, 2032.
- One third of the Stock Appreciation Rights will become exercisable on 02/03/2026 and each year thereafter, with the entire grant fully exercisable on 02/03/2028.
- Following the transaction, Kosel directly owns 372 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of transaction for common stock and stock appreciation rights. |
| 02/03/2026 | First date that one-third of the stock appreciation rights become exercisable. |
| 02/03/2028 | Date that all 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
Lennox International, LII, Chris Kosel, Stock Appreciation Rights, Common Stock, Form 4, Insider Trading, Securities
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