Maskara Alok 4

What Happened

• Alok Maskara, Chief Executive Officer of Lennox International (LII), received an award of 19,184 shares on 2026-03-13 (transaction code A). The award was reported at $0.00 acquisition price (standard for granted shares). Using the reported price of $480.48 per share, the gross value of the award is approximately $9.22M.
• To satisfy tax withholding obligations (transaction code F), 7,549 of those awarded shares were surrendered/withheld at $480.48 per share, generating proceeds of $3,627,125. Net shares delivered to Maskara after withholding = 19,184 − 7,549 = 11,635 (net value ≈ $5.59M).
• This was an award with shares withheld for taxes (not an open-market sale). Such withholdings are routine and do not indicate a standard sale.

Key Details

• Transaction dates: Award and withholding both reported for 2026-03-13; Form 4 filed 2026-03-16 (appears timely).
• Prices: reported per-share price = $480.48; award listed at $0.00 acquisition price (grant); withholding share disposition value = $3,627,125.
• Shares: 19,184 awarded; 7,549 withheld for taxes; net issued to insider = 11,635 shares.
• Codes/meanings: A = Award/Grant (acquisition), F = Payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable: withholding of shares to cover taxes is a common administrative action and is different from an open-market sale.

Context

• For most retail investors, awards followed by share withholding are routine compensation mechanics (similar to a cashless settlement) and shouldn't be read as a directional trade. They reflect vesting/compensation and tax payment, not an intentional liquidity-driven sale.
• Because this report shows a net grant of shares to the CEO (11,635 net shares), it increased his beneficial holdings even after tax withholding.