NORRIS JOHN W III 4
Research Summary
AI-generated summary
Lennox (LII) Director John W. Norris III Receives 343-Share Award
What Happened
John W. Norris III, a director of Lennox International, was reported to have acquired 343 shares via an award/grant on May 21, 2026. The reported acquisition price is $0.00 per share (code A on the Form 4), indicating a compensatory award or similar stock grant rather than an open-market purchase.
Key Details
- Transaction date: 2026-05-21 (reported acquisition of 343 shares).
- Price: $0.00 per share (award/grant).
- Filing date: 2026-05-26 (filed 5 days after the transaction; exceeds the usual two-business-day Form 4 reporting window).
- Shares owned after transaction: not specified in the provided summary of the filing.
- Footnotes: multiple disclaimers indicating co-trustee status and limited/pecuniary beneficial interest (F1–F5). These note changes in form of beneficial ownership and that the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
Context
Grants/awards are typically part of director compensation or vesting arrangements and do not necessarily signal a personal market view. The filing includes trustee-related disclaimers that may affect reported beneficial ownership. The Form 4 was filed five days after the transaction date, which appears later than the standard two-business-day reporting deadline.