Lennox International Inc. filed a current report on Form 8-K on September 18, 2026, disclosing that its Compensation and Human Resources Committee approved a new form of Long-Term Incentive Award Agreement for U.S. employees at the Vice President level and above, effective September 16, 2026.

Key Highlights

  • Committee action: The Compensation and Human Resources Committee approved the new award agreement form on September 16, 2026.
  • Plan covered: The agreement applies to grants made under the 2019 Equity and Incentive Compensation Plan.
  • Award types included: The agreement covers grants of restricted stock units, performance share units, and stock appreciation rights to executive officers.
  • Key changes: According to the filing, updates include changes to vesting and exercise schedules and retirement eligibility, as well as "other administrative and conforming changes."
  • Prior agreement: The filing states the new terms are "substantially similar" to those in the previously disclosed form of award agreement.

Lennox International Revises VP-and-Above Equity Award Terms Under 2019 Incentive Plan

According to the filing, Lennox International Inc. (NYSE:LII), headquartered at 2140 Lake Park Blvd., Richardson, Texas, disclosed on September 18, 2026 that its Compensation and Human Resources Committee approved a new form of Long-Term Incentive Award Agreement for U.S. Employees at the Vice President level and above. The action was taken on September 16, 2026, the date of the earliest event reported.

The company disclosed that the updated agreement will be used for grants to executive officers and covers three types of equity awards: restricted stock units, performance share units, and stock appreciation rights. All grants under this agreement are made pursuant to the company's 2019 Equity and Incentive Compensation Plan. The filing states the new agreement is "substantially similar" to the previously disclosed form, with the primary differences being updates to vesting and exercise schedules, retirement eligibility provisions, and unspecified "other administrative and conforming changes."

The full text of the new award agreement is attached as Exhibit 10.1 to the filing, identified as the "Sept 2026 version," and incorporated by reference. The filing was signed by Jennifer S. Perry, Assistant Secretary of Lennox International Inc., on September 18, 2026.

What Was Disclosed

Lennox International Inc. disclosed the approval of an updated Long-Term Incentive Award Agreement for senior U.S. employees, covering restricted stock units, performance share units, and stock appreciation rights under the 2019 Equity and Incentive Compensation Plan, with revised vesting, exercise, and retirement eligibility terms.