Form 4: Lindsay Director Acquires Shares, Defers Vesting

Lindsay Corporation Director Mary A. Lindsey acquired 1,046 shares of common stock through a restricted stock unit grant, deferring receipt under a compensation plan.

Summary

• Mary A. Lindsey, a Director of Lindsay Corporation (LNN), acquired 1,046 shares of common stock on January 6, 2026.
• The acquisition was a grant of restricted stock units (RSUs) with a price of $0.00 per share, indicating a non-cash award.
• These RSUs are scheduled to vest on November 1, 2026, and will settle in shares of Lindsay Corporation's common stock on a one-for-one basis.
• Ms. Lindsey has elected to defer the receipt and settlement of this stock award, as well as previously vested RSUs, under the Lindsay Corporation Directors Nonqualified Deferred Compensation Plan.
• Following this transaction, Ms. Lindsey beneficially owns 6,808 shares of common stock, which includes both unvested and vested but deferred restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director's acquisition of shares, even through a grant, generally indicates alignment with company performance. The deferral of shares is a personal financial planning decision and does not reflect negatively on the company.

Positives

• A director acquiring additional equity, even through a grant, aligns their interests with those of shareholders, potentially signaling confidence in the company's future performance.

Future Outlook

The filing indicates a future vesting event for restricted stock units on November 1, 2026, which will result in the settlement of shares of common stock to the reporting person.

Management Comments

• The reporting person has elected to defer receipt and settlement of all of this stock award under the Lindsay Corporation Directors Nonqualified Deferred Compensation Plan.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a director's equity award and deferral election. Such transactions are common in publicly traded companies as part of executive and director compensation packages, aiming to align leadership interests with long-term shareholder value.

Corporate Governance

Related Party Transactions

• The acquisition of 1,046 shares of common stock by Director Mary A. Lindsey through a restricted stock unit grant is a transaction between the company and a related party (a director).

Stakeholder Impact

• Shareholders: The director's increased equity stake, even if deferred, aligns her interests with long-term shareholder value.
• Management: The use of a deferred compensation plan provides flexibility for directors' financial planning.

Next Steps

• The restricted stock units acquired on January 6, 2026, are scheduled to vest on November 1, 2026.

Key Dates

Keywords

Lindsay Corp, LNN, Form 4, Insider Transaction, Director Stock, Restricted Stock Units, Deferred Compensation, Equity Grant