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

Director Jack Lazar acquired 1,515 shares of Resideo Technologies common stock on October 1, 2024, in lieu of annual cash retainer fees.

Summary

• On October 1, 2024, Jack R. Lazar, a director of Resideo Technologies, Inc., acquired 1,515 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 $19.805.
• Following the transaction, Lazar directly owns 101,829 shares of Resideo Technologies.
• The stock units are fully vested upon grant and will be settled in a lump sum after termination of service as a director.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation. It's neither overwhelmingly positive nor negative.

Positives

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

Industry Context

Directors receiving stock in lieu of cash compensation is a common practice to align their interests with shareholders and conserve company cash.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice among publicly traded companies.
• The amount of stock granted in lieu of cash retainer fees varies depending on the company's size, performance, and compensation policies.
• Comparing Resideo's director compensation structure with peers like Honeywell (HON) or Johnson Controls (JCI) would provide further context.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.
• The use of stock instead of cash benefits the company's financial position.

Key Dates