Lennox International Updates Executive Long-Term Incentive Award Agreement

Reuters12-06
Lennox International Updates Executive Long-Term Incentive Award Agreement

Lennox International Inc. has announced the approval of a new Long-Term Incentive Award Agreement for U.S. employees at the Vice President level and above. The agreement, authorized by the company's Compensation and Human Resources Committee, will be used for grants of restricted stock units, performance share units, and stock appreciation rights to executive officers under the 2019 Equity and Incentive Compensation Plan. The updated agreement features expanded restrictive covenant provisions and other administrative and conforming changes.

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