Lennox International management check
LII · Industrials · Building Products · CEO Alok Maskara
Filings as of
2 good · 2 to watch · 2 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $188, against $176 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.38 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.0% of net income$8.4m of reported pay in fiscal 2025, against $805.8m of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $529k sold in six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.4% a year over the last three fiscal years. Stock-based pay was 0.6% of revenue in the latest year.
- Flag
Is leadership stable?
3 CEOs in the pay tableCEOs in the pay table: Todd M. Bluedorn, Todd J. Teske, Alok Maskara. 11 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Flag
Are the books clean?
Red flags on file1 auditor change (8-K 4.01) since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 59 | 55 | |
| Pay for performance | 69 | 86 | |
| CEO cost | 48 | 48 | |
| Skin in the game | — | — | 55 |
| Dilution | 55 | 62 | |
| Stable leadership | 0 | 75 | |
| Clean books | 30 | 100 |
Closest peers
Others in Building Products, by management score. Lennox International is 79th of 81 in its sector.
- 73MASMasco78
- 175TTTrane Technologies71
- 251CARRCarrier Global64
- 274AOSA. O. Smith63
- 288JCIJohnson Controls62
- 290ALLEAllegion62
- 458LIILennox International44
Pay versus performance
From the proxy statement filed April 8, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Alok Maskara | $8.4m | $1.7m | $2.7m | $188 | $176 | $805.8m |
| 2024 | Alok Maskara | $9.9m | $26.2m | $3.2m | $234 | $161 | $811.1m |
| 2023 | Alok Maskara | $5.0m | $17.4m | $2.1m | $170 | $141 | $591.2m |
| 2022 | Todd M. Bluedorn, Todd J. Teske, Alok Maskara | $10.1m | $11.1m | $2.4m | $90 | $109 | $497.1m |
| 2021 | Todd M. Bluedorn | $5.0m | $14.5m | $3.3m | $120 | $132 | $464.0m |
The board says pay is tied most to Company core net income. Its other key measures: Company Core Net Income, Earnings Per Share, ROIC, Company Free Cash Flow.
Insiders and the CEO's stake
Light activity: no buys, $529k sold in six months.
- SoldChris KoselVP-Corp Controller and CAO$529kMay 6, 2026
Leadership and governance on file
- Sep 18, 2026Leadership change8-K 5.02
- May 28, 2026Leadership change8-K 5.02
- Dec 5, 2025Leadership change8-K 5.02
- May 27, 2025Leadership change8-K 5.02
- Mar 13, 2025Auditor change8-K 4.01
- Dec 6, 2024Leadership change8-K 5.02
- Oct 23, 2024Leadership change8-K 5.02
- May 23, 2024Leadership change8-K 5.02
- Mar 18, 2024Leadership change8-K 5.02
- Dec 11, 2023Leadership change8-K/A 5.02
- Dec 8, 2023Leadership change8-K 5.02
- Oct 26, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 28, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $2.2bn returned to owners in buybacks and dividends, 69% of net income, and $133.8m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.2bn | $4.7bn | $5.0bn | $5.3bn | $5.2bn |
| Net income | $464.0m | $497.1m | $591.2m | $811.1m | $805.8m |
| Stock-based pay | $24.3m | $21.8m | $30.1m | $28.5m | $29.1m |
| Buybacks | $600.0m | $300.0m | $0 | $53.6m | $482.3m |
| Dividends | $126.5m | $142.0m | $153.4m | $160.3m | $173.0m |
| Diluted shares | 38m | 36m | 36m | 36m | 35m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.