Maskara Alok 4

What Happened

• Maskara Alok, CEO of Lennox International (LII), was granted equity awards on 2026-02-02 totaling 13,472 units: 3,953 shares (issued at $0.00) and 9,519 derivative units (granted at $0.00). These are awards (compensation), not open-market purchases or sales, and involved no cash consideration.

Key Details

• Transaction date: 2026-02-02; Filing date: 2026-02-04 (filed within the typical two-business-day Form 4 window).
• Grants: 3,953 shares @ $0.00 (direct stock award); 9,519 derivative @ $0.00 (stock appreciation rights / SARs).
• Total units granted: 13,472. Reported dollar value: $0 for both entries (standard for grants where purchase price = $0).
• Shares owned after the transaction: not disclosed in this summary filing.
• Footnote: F1 — One-third of the SARs vest/exercise on 02/02/2027 and then annually; fully exercisable on 02/02/2029.
• No indication in the filing of a 10b5-1 plan, tax-withholding sale, or late filing.

Context

• The 9,519 derivative units are Stock Appreciation Rights (SARs): they typically pay the holder the increase in share value over a grant price in cash or shares when exercised. The footnote shows a multi-year vesting schedule, so the SARs are not immediately exercisable.
• Equity grants are common executive compensation and do not by themselves indicate immediate buying or selling sentiment.