Martin Sarah Rachel 4

What Happened

• Sarah Rachel Martin, EVP & President, Home Comfort Solutions at Lennox International (LII), was granted a total of 2,413 equity units on 2026-02-02: 708 shares (stock award) and 1,705 derivative units (stock appreciation rights). The reported acquisition price for both items is $0, indicating these were awards/grants rather than open-market purchases.

Key Details

• Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (timely).
• Items granted: 708 shares (award) and 1,705 SARs (derivative); total units = 2,413.
• Price paid: $0. No cash value reported at grant in the filing.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote (F1): One-third of the SARs become exercisable on 02/02/2027, another third each year thereafter; fully exercisable 02/02/2029.
• Transaction code: A = Award/Grant.

Context

• This was a compensation award, not an open-market purchase or sale. SARs are derivative awards that pay based on future stock appreciation and are subject to the vesting schedule above; they are not immediately exercisable. Such grants are common for executive compensation and do not, by themselves, indicate a buy/sell signal.