Lane Jeannine J 4
Research Summary
AI-generated summary
Resideo (REZI) EVP Jeannine Lane Receives Awards, Sells Shares
What Happened
Jeannine J. Lane, EVP, General Counsel and Corporate Secretary of Resideo Technologies (REZI), received two equity awards on 2026-02-13 totaling 89,185 shares (20,873 and 68,312 shares) at $0.00 (awards/grants). To satisfy tax liabilities or exercise payments, she surrendered/disposed of 46,566 shares across transactions on 2026-02-12, 02-13 and 02-14: 5,879 shares @ $36.28 (proceeds $213,320), 34,874 shares @ $35.98 (proceeds $1,254,941), and 5,813 shares @ $35.98 (proceeds $209,181). The disposals are coded “F” (payment of exercise price or tax liability). Net result: a net increase of 42,619 shares held (89,185 awarded − 46,566 withheld/surrendered).
Key Details
- Transaction dates/prices:
- 2026-02-12: 5,879 shares surrendered @ $36.28 = $213,320 (F)
- 2026-02-13: awarded 20,873 shares @ $0.00 (A)
- 2026-02-13: awarded 68,312 shares @ $0.00 (A)
- 2026-02-13: 34,874 shares surrendered @ $35.98 = $1,254,941 (F)
- 2026-02-14: 5,813 shares surrendered @ $35.98 = $209,181 (F)
- Total surrendered/disposed value: $1,677,442; total awarded: 89,185 shares; net new shares: +42,619.
- Shares owned after transaction: not stated in the provided filing excerpt.
- Footnote: includes 523 shares acquired pursuant to the issuer’s employee stock purchase plan (ESP P).
- Filing date: 2026-02-18. Timeliness status (whether the Form 4 was filed within the SEC’s 2-business-day window) is not indicated in the provided extract — check the SEC filing for any lateness notation.
Context
- Transaction codes: A = award/grant (shares issued/vested), F = shares surrendered to cover tax withholding or exercise payment. This pattern typically reflects vesting/settlement of compensation awards with shares withheld to satisfy tax obligations (a form of “cashless” settlement), not an open-market purchase or a discretionary sale. While awards and subsequent withholding increase the insider’s net holdings here, they are compensation-driven rather than a traditional insider buy signal.