Deals between LII and its directors, executives, owners of more than 5% or their families: a relative on the payroll,
a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
Below: what the proxy filed 2026-04-08 reports that the one filed 2025-04-09 did not, quoted as filed.
New this year
1 new
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-09.
Certain Relationships and Related Party Transactions
“Messrs. Wall, Norris, Somasundaram, Swienton, and Vander Ark, and Ms. Embree, served on the Compensation and Human Resources Committee during 2025. No member of the Compensation and Human Resources Committee was an officer or employee of our Company or any of our subsidiaries during 2025 or an officer at any other time, and no member had any relationship with the Company requiring disclosure under “Certain Relationships and Related Party Transactions” above. In addition, none of our executive officers served on the board of directors or on the compensation committee of any other entity, for which any executive officers of such other entity served either on our Board or on our Compensation and Human Resources Committee.”
Read it in the proxy ↗
The whole section 2 paragraphs, proxy filed 2026-04-08
Certain Relationships and Related Party Transactions
“The written Related Party Transactions Policy adopted by our Board requires the Audit Committee to approve any potential related party transaction, which is defined in the policy to mirror the definition of Item 404 of Regulation S-K. Any related party transaction must be on terms that are fair to our Company and comparable to those that could be obtained in arm’s length dealings with an unrelated third party. In the event a related party transaction involves one or more members of the Audit Committee, such member will recuse themself from the review, consideration, or approval of the transaction. There were no transactions with related persons in 2025 that require disclosure pursuant to Item 404(a) of Regulation S-K.”
Read it in the proxy ↗
Certain Relationships and Related Party Transactions
“Messrs. Wall, Norris, Somasundaram, Swienton, and Vander Ark, and Ms. Embree, served on the Compensation and Human Resources Committee during 2025. No member of the Compensation and Human Resources Committee was an officer or employee of our Company or any of our subsidiaries during 2025 or an officer at any other time, and no member had any relationship with the Company requiring disclosure under “Certain Relationships and Related Party Transactions” above. In addition, none of our executive officers served on the board of directors or on the compensation committee of any other entity, for which any executive officers of such other entity served either on our Board or on our Compensation and Human Resources Committee.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not.
A deal reported again with a new amount is not new. Always check the filing.
Open the proxy ↗ · Last year's proxy ↗
