Nassab Joseph 4

What Happened Joseph Nassab, Executive Vice President and President, Building Climate Solutions at Lennox International (LII), received awards totaling 2,614 units on 2026-02-02. The filing shows 767 shares acquired at $0.00 and 1,847 acquired as derivative instruments (stock appreciation rights) at $0.00; the immediate acquisition value reported is $0.00. This is an award/grant (not a market purchase or sale).

Key Details

• Transaction date: 2026-02-02; Form filed 2026-02-04 (timely filing).
• Items granted: 767 shares (A) and 1,847 derivative units (A) — total 2,614 units — all at $0.00.
• Footnote: One-third of the Stock Appreciation Rights (SARs) become exercisable on 02/02/2027 and each year thereafter; fully exercisable on 02/02/2029.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax withholding, or sale indicated in this entry.

Context These awards include stock appreciation rights (SARs), which give the holder the right to receive the increase in the company’s stock price (typically settled in cash or stock) when exercised; they do not represent an immediate sale or cash proceeds. The staged vesting means the award becomes exercisable over three years, so this is a deferred-compensation grant rather than an immediate market bet.