Form 4: Lindsay Corp Executive Granted Restricted Stock Units
Insider Transaction Report
Lindsay Corp's President of Irrigation, Brian Magnusson, reported the acquisition of 427 restricted stock units as part of his compensation.
Summary
- Brian James Magnusson, President Irrigation at Lindsay Corp (LNN), reported the acquisition of 427 shares of common stock.
- These shares are restricted stock units (RSUs) granted at a price of $0.00.
- The RSUs will vest in three equal installments on November 1, 2026, November 1, 2027, and November 1, 2028.
- Following this transaction, Magnusson beneficially owns 5,623 shares of common stock, which includes shares from the 2021 Employee Stock Purchase Plan and other restricted stock units.
- The filing also details existing stock options with various exercise prices and vesting schedules, including 2,847 options at $114.41, 2,370 options at $121.16, 1,837 options at $120.54, and 360 options at $156.16.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
- A Power of Attorney was executed by Brian J. Magnusson on November 5, 2025, designating Eric Arneson and Ryan Loneman as attorneys-in-fact for SEC filings and EDGAR account administration.
Sentiment
Score: 7
Explanation: The filing indicates a routine executive compensation event, specifically the grant of restricted stock units, which is a positive for the executive and aligns their interests with shareholders. No negative information is present.
Positives
- Grant of 427 restricted stock units (RSUs) to a key executive, Brian Magnusson, aligns management's long-term interests with those of shareholders.
- The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged and systematic approach to equity compensation and compliance.
Future Outlook
The filing does not contain specific forward-looking statements or guidance regarding the company's performance, but the vesting schedules for RSUs and options extend several years into the future, indicating continued executive alignment and long-term incentive structures.
Industry Context
This filing reflects a standard executive compensation practice within publicly traded companies, where equity awards like restricted stock units and stock options are used to incentivize and retain key personnel. Such grants are common across various industries, including the agricultural and infrastructure sectors where Lindsay Corporation operates.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Brian J. Magnusson granted a Power of Attorney to Eric Arneson and Ryan Loneman to handle SEC filings (Forms 3, 4, 5) and EDGAR account administration on his behalf. | 11/05/2025 | Enhances efficiency and compliance for the executive's personal SEC reporting obligations, ensuring timely and accurate filings. |
Related Party Transactions
- The acquisition of restricted stock units by Brian J. Magnusson from Lindsay Corporation represents an equity compensation transaction between an executive and the company.
Stakeholder Impact
- Shareholders: The grant of RSUs aligns the executive's long-term interests with shareholder value creation, as the value of the RSUs is tied to the company's stock performance.
- Employees: Reflects standard executive compensation practices, which can influence overall compensation philosophy within the company.
Next Steps
- Vesting of 427 restricted stock units in three equal installments on November 1, 2026, November 1, 2027, and November 1, 2028.
- Continued vesting of various stock options according to their respective schedules.
Key Dates
| Date | Description |
|---|---|
| 11/01/2023 | Start of three equal annual installments for vesting of 360 stock options at $156.16. |
| 11/01/2024 | Start of three equal annual installments for vesting of 1,837 stock options at $120.54. |
| 11/01/2025 | Start of three equal annual installments for vesting of 2,370 stock options at $121.16. |
| 11/05/2025 | Date Power of Attorney was executed by Brian J. Magnusson. |
| 12/01/2025 | Transaction date for the acquisition of 427 restricted stock units. |
| 12/03/2025 | Signature date of the Form 4 by attorney-in-fact. |
| 11/01/2026 | First vesting installment for 427 restricted stock units and start of three equal annual installments for vesting of 2,847 stock options at $114.41. |
| 11/01/2027 | Second vesting installment for 427 restricted stock units. |
| 11/01/2028 | Third vesting installment for 427 restricted stock units. |
| 10/24/2032 | Expiration date for 360 stock options at $156.16. |
| 10/23/2033 | Expiration date for 1,837 stock options at $120.54. |
| 10/28/2034 | Expiration date for 2,370 stock options at $121.16. |
| 10/27/2035 | Expiration date for 2,847 stock options at $114.41. |
Recommendation
holdThis Form 4 filing details a routine executive compensation event involving the grant of restricted stock units and existing stock options. While it aligns executive interests with shareholders, it does not present new information that would fundamentally alter the investment thesis for Lindsay Corporation, warranting a 'hold' recommendation based solely on this filing.
Keywords
Lindsay Corp, LNN, Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Options, Executive Compensation, Brian Magnusson, Corporate Governance, SEC Filing
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