Form 4: Resideo Technologies Director Jack Lazar Acquires Shares in Lieu of Cash Retainer

Director Jack Lazar acquired 1,329 shares of Resideo Technologies common stock on January 2, 2025, in lieu of annual cash retainer fees.

Summary

• On January 2, 2025, Jack Lazar, a director of Resideo Technologies, Inc., acquired 1,329 shares of common stock.
• The acquisition was made under the 2018 Stock Plan for Non-Employee Directors in lieu of annual cash retainer fees.
• The price per share was $23.032.
• Following the transaction, Lazar directly owns 103,158 shares of Resideo Technologies common stock.
• These stock units are fully vested upon grant and will be settled in a lump sum following termination of service as a director.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction. A director acquiring shares is generally viewed positively, but it's not a major event.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The use of stock in lieu of cash retainer fees can conserve company cash.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, especially for smaller companies or those looking to conserve cash. It aligns the director's interests with those of shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.
• The use of stock instead of cash may be viewed positively by creditors as it conserves company cash.

Key Dates