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

Director Jack Lazar acquired 1,351 shares of Resideo Technologies common stock on April 1, 2024, in lieu of annual cash retainer fees.

Summary

• On April 1, 2024, Jack R. Lazar, a director of Resideo Technologies, Inc., acquired 1,351 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 $22.19.
• Following the transaction, Lazar directly owns 100,168 shares of Resideo Technologies common stock.
• These stock units are fully vested upon grant and will be settled by issuance of shares of Common Stock in a lump sum following termination of service as a director.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard insider transaction disclosure. The acquisition of shares by a director 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

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock as part of their compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.
• The use of stock in lieu of cash retainer fees can benefit creditors by conserving company cash.

Key Dates