NORRIS JOHN W III 4
Research Summary
AI-generated summary
Lennox (LII) Director John W. Norris III Gifts 990 Shares
What Happened
- John W. Norris III, a director of Lennox International, reported a gift of 990 shares of LII stock on 2026-05-28. The transaction is reported as a disposition by gift at an effective price of $0.00 (total reported value $0).
- This was a gift (code G), not a purchase or sale for cash; gifts generally do not convey insider sentiment about the company.
Key Details
- Transaction date: 2026-05-28; Transaction type: Gift (G); Shares: 990; Price per share reported: $0.00; Reported value: $0.
- Shares owned after the transaction: Not disclosed in the provided filing.
- Notable footnotes: Reporting person is a co-trustee and holds a remainder interest, disclaims beneficial ownership except for pecuniary interest (F1–F3); also is president of J.W. Norris, Inc., general partner of the Norris Family LP and holds a limited partnership interest (F4). These notes clarify trust/partnership arrangements and limited beneficial claim.
- Filing timeliness: Filing date 2026-05-29 for a 2026-05-28 transaction — no indication this filing was late.
Context
- Gifts are typically personal estate/planning actions and are not the same signal as market purchases; they do not necessarily reflect the insider’s view of the company’s prospects.
- Because the reporting person disclaims beneficial ownership except to the extent of pecuniary interest (per footnotes), the filing reflects trust/partnership holdings rather than direct individual economic ownership.