Brown Monica M. 4

What Happened

• Monica M. Brown, EVP and Chief Legal Officer of Lennox International (LII), was granted equity compensation on 2026-02-02: 472 shares (awarded at $0) and 1,137 derivative units (stock appreciation rights, SARs) also recorded at $0. These were reported on a Form 4 filed 2026-02-04. These are compensation awards (not open-market purchases or sales) and therefore reflect pay, not an outright market purchase or sale.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (timely).
• Items reported: 472 shares acquired (grant A) at $0; 1,137 SARs acquired (derivative grant A) at $0.
• Shares/units acquired had no cash price at grant (compensation award); reported value on Form 4 is $0.
• Shares owned after the transaction: not specified in the provided filing data.
• Footnote: The 1,137 SARs vest one-third on 02/02/2027 and one-third each fiscal year thereafter, becoming fully exercisable on 02/02/2029.

Context

• SARs are derivative awards that pay the holder the appreciation in the stock price (typically settled in stock or cash) when exercised; they are different from immediate share purchases or sales.
• Compensation grants are routine for executives and reflect pay arrangements rather than a direct signal of the insider’s short-term view on the stock.