Lennox International Updates Executive Long-Term Incentive Award Agreements

Summary of Filing

On September 18, 2026, Lennox International Inc. filed a Current Report on Form 8-K under Item 5.02 detailing the adoption of a revised executive equity award template.

Key Details

• Date of Action: September 16, 2026
• Governing Body: Compensation and Human Resources Committee of the Board of Directors
• Instrument: Form of Long-Term Incentive Award Agreement for U.S. Employees – Vice President and Above under the 2019 Equity and Incentive Compensation Plan (Exhibit 10.1).
• Covered Award Types:
  • Performance Share Units (PSUs): Earned between 0% and 200% based on pre-established performance metrics.
  • Restricted Stock Units (RSUs): Service-based vesting schedule (one-third annually over three years).
  • Stock Appreciation Rights (SARs): 10-year term from the Date of Grant.

Primary Modifications

• Retirement Eligibility Provisions: Defines retirement eligibility as attaining (i) age 65, (ii) age 60 with at least 10 years of service, or (iii) the Rule of 75 (age plus years of service equaling at least 75), qualifying participants for pro-rata vesting upon retirement.
• Vesting and Exercise Schedules: Clarified provisions governing treatment upon qualifying terminations, death, disability, and double-trigger change-in-control scenarios.
• Restrictive Covenants: Reinforces standard one-year non-competition and non-solicitation restrictions post-termination, with clawback provisions for equity gains realized within two years prior to departure.

Market and Trading Impact

This filing reflects routine administrative governance and maintenance of executive compensation structures. It does not disclose any actual insider share acquisitions, dispositions, or executive departures, and carries low immediate trading significance.