Form 4: Lindsay Corp Executive's Stock Vesting and Tax Withholding
Insider Transaction Report
Lindsay Corp's President of Infrastructure, James Scott Marion, reported the vesting of performance stock units and subsequent tax-related share disposition.
Summary
- James Scott Marion, President Infrastructure at Lindsay Corp (LNN), reported changes in his beneficial ownership of common stock.
- On November 1, 2025, 499 shares of common stock were acquired upon the vesting of performance stock units.
- Concurrently, 546 shares of common stock were disposed of at a price of $111.24 per share to satisfy tax withholding obligations related to the vesting of performance stock units and restricted stock units.
- Following these transactions, Mr. Marion beneficially owns 8,328 shares of common stock directly.
- Mr. Marion also holds various stock options with exercise prices ranging from $90.71 to $156.16, with vesting schedules extending to 2026 and expiration dates up to 2035.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction involving the vesting of performance units and subsequent tax withholding. This is a neutral event, reflecting standard executive compensation practices rather than a significant positive or negative operational development.
Positives
- The vesting of 499 performance stock units indicates the achievement of performance targets, benefiting the executive.
Negatives
- A disposition of 546 shares was made to cover tax withholding obligations, resulting in a net reduction of 47 shares from the transaction.
Risks
- The filing itself does not detail company-specific operational or financial risks. The primary risk related to this type of transaction is the potential for minor dilution from future option exercises, though this filing primarily concerns vesting and tax withholding.
Future Outlook
Future vesting events are scheduled for various stock options held by the reporting person, with the earliest next vesting installment beginning on November 1, 2026, for a block of 3,203 options.
Industry Context
This filing is a routine insider transaction report and does not provide specific industry context or trends. Lindsay Corp operates in the infrastructure and irrigation sectors.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | James Scott Marion granted a Power of Attorney to Eric Arneson, Brian Ketcham, and Ryan Loneman to execute Forms 3, 4, and 5 on his behalf for Section 16(a) compliance. | 2018-01-30 | Streamlines the process for insider transaction reporting, ensuring timely and accurate filings on behalf of the executive. |
Stakeholder Impact
- Shareholders: Minor, routine insider transaction with no significant direct impact on shareholder value or company operations. The disposition for tax purposes is a common occurrence.
- Employees: No direct impact mentioned.
Next Steps
- Future vesting of remaining stock options according to their respective schedules.
Key Dates
| Date | Description |
|---|---|
| 2018-01-30 | Date Power of Attorney was executed by James Scott Marion. |
| 2019-11-01 | Start of three equal annual installments for an option to purchase common stock. |
| 2020-11-01 | Start of three equal annual installments for an option to purchase common stock. |
| 2021-11-01 | Start of three equal annual installments for two options to purchase common stock. |
| 2022-11-01 | Start of three equal annual installments for an option to purchase common stock. |
| 2023-11-01 | Start of three equal annual installments for an option to purchase common stock. |
| 2024-11-01 | Start of three equal annual installments for an option to purchase common stock. |
| 2025-11-01 | Transaction Date: Acquisition of 499 shares and disposition of 546 shares; also start of three equal annual installments for an option to purchase common stock. |
| 2025-11-04 | Signature Date of Reporting Person's attorney-in-fact. |
| 2026-11-01 | Start of three equal annual installments for an option to purchase common stock. |
| 2028-01-30 | Expiration Date for an option to purchase common stock. |
| 2028-10-22 | Expiration Date for an option to purchase common stock. |
| 2029-10-31 | Expiration Date for an option to purchase common stock. |
| 2030-10-26 | Expiration Date for an option to purchase common stock. |
| 2031-10-25 | Expiration Date for an option to purchase common stock. |
| 2032-10-24 | Expiration Date for an option to purchase common stock. |
| 2033-10-23 | Expiration Date for an option to purchase common stock. |
| 2034-10-28 | Expiration Date for an option to purchase common stock. |
| 2035-10-27 | Expiration Date for an option to purchase common stock. |
Keywords
Lindsay Corp, LNN, Form 4, Insider Transaction, Stock Vesting, Performance Stock Units, Tax Withholding, Executive Compensation, Stock Options
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