Nassab Joseph 4

What Happened
Joseph Nassab, Executive Vice President and President, Building Climate Solutions at Lennox International (LII), received an award of 3,645 shares (code A) on 2026-03-13 at $0.00 per share (awarded/vested). To cover tax withholding (code F), 1,246 of those shares were disposed at $480.48 each for total proceeds reported as $598,675. Net shares retained from the award: 3,645 − 1,246 = 2,399 shares.

Key Details

• Transaction dates: award and withholding both reported for 2026-03-13.
• Award: 3,645 shares @ $0.00 (grant/award).
• Withholding/disposition: 1,246 shares @ $480.48, proceeds ≈ $598,675 (tax withholding/payment).
• Shares owned after transaction: not specified in the filing.
• Filing date: Form 4 filed 2026-03-16 for a 2026-03-13 transaction (filed three days later; may be late under the standard Form 4 timing rules).
• Codes: A = Award/Grant; F = Payment of exercise price or tax liability (here used to withhold shares for taxes).

Context
This appears to be a routine equity award/vesting with shares withheld to satisfy tax obligations (a common practice). The withholding is not an open-market sale indicating a decision to divest; it's a tax-related disposition. Awards and their withholding are standard compensation events and do not, by themselves, indicate the insider’s buy/sell sentiment.