BEDAPUDI PRAKASH 4

What Happened Prakash Bedapudi, EVP and Chief Technology Officer of Lennox International (LII), received an award of 4,221 shares on 2026-03-13 (transaction code A). To satisfy tax obligations related to that award, 1,474 shares were withheld (transaction code F) at an indicated value of $480.48 per share — reported disposal value $708,224. The award's market value at that price was roughly $2.03 million (4,221 × $480.48).

Key Details

• Transaction dates: 2026-03-13 (award and withholding); Form 4 filed 2026-03-16.
• Prices reported: $0.00 acquisition price for the award (typical for grants); $480.48 per share used for the withholding calculation.
• Shares: +4,221 shares awarded; 1,474 shares withheld/disposed to cover taxes (reported value $708,224).
• Shares owned after transaction: Not specified in the provided filing excerpt — see the full Form 4 for total holdings.
• Codes/notes: A = award/grant; F = payment of exercise price or tax liability (i.e., share withholding). No 10b5-1 plan or other footnotes were indicated in the excerpt.
• Filing timeliness: Filed 3/16/2026 for a 3/13/2026 transaction — within the Form 4 reporting window (not marked late).

Context This appears to be a routine equity award vesting with shares withheld to cover tax obligations (a common cashless/net settlement approach). Withholdings are administrative and do not necessarily indicate a voluntary sale for investment reasons.