BEDAPUDI PRAKASH 4

What Happened

• Bedapudi Prakash, EVP and Chief Technology Officer of Lennox International (LII), received stock awards on 2026-02-02. The filing shows two acquisitions: 738 shares at $0.00 and 1,776 shares at $0.00 (the latter reported as a derivative).
• Total awards: 2,514 units. The awards were granted (compensation-related), not purchases or sales, so no cash changed hands at grant.

Key Details

• Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (appears timely).
• Awards and amounts: 738 shares acquired @ $0.00; 1,776 derivative units acquired @ $0.00.
• Footnote: The 1,776 derivative units are Stock Appreciation Rights (SARs). One-third of the SARs become exercisable on 2/02/2027 and on each anniversary thereafter; the grant becomes fully exercisable on 2/02/2029.
• Shares owned after transaction: not specified in the provided filing.
• Filing type: Code A (award/grant). No sale, open-market purchase, 10b5-1 plan, or tax-withholding event indicated.

Context

• The derivative award (SARs) gives the holder a future payout tied to stock appreciation when exercised; it does not represent immediately transferable shares until exercised/settled per plan terms.
• Grants like this are common executive compensation and do not by themselves indicate a buy or sell signal.