Kosel Chris 4

What Happened

• Chris Kosel, VP — Corporate Controller & Chief Accounting Officer of Lennox International (LII), received equity awards on 2026-02-02. The Form 4 shows acquisition code "A" for 201 shares (award) and 483 derivative shares (stock appreciation rights) at $0.00 per share (total reported value $0).
• This is an award/grant (not a market purchase or sale) and is typically part of compensation, not an immediate cash investment or disposition.

Key Details

• Transaction date: 2026-02-02. Form filed: 2026-02-04 (timely filing).
• 201 shares acquired at $0.00; 483 derivative shares (SARs) reported at $0.00.
• Shares owned after the transaction: not specified in the filing summary provided.
• Footnote: The 483 Stock Appreciation Rights vest one-third on 02/02/2027 and one-third each year thereafter; fully exercisable on 02/02/2029.
• Transaction type code: A = Award/Grant. No 10b5-1 plan, tax withholding, or late filing indicated in this filing.

Context

• Stock Appreciation Rights (SARs) are a derivative award that pay the holder the appreciation in share value (in cash or stock) when exercised; they do not represent immediate ownership of shares until exercised.
• Awards to executives are common as compensation and do not by themselves signal buying or selling intent in the open market.