Director Norris sells 22,329 shares for $14.9M across 10 transactions on 2025-07-23 via 10b5-1 plan
NORRIS JOHN W III executed 10 separate sales totaling 22,329 shares for $14,875,593.56 on 2025-07-23 under a pre-arranged 10b5-1 trading plan, reducing his holdings from 200,906 to 178,577 shares (-11.1%). The transactions were executed across a narrow price band ($660.51 to $672.29 blended average $666.20), suggesting algorithmic or systematic execution consistent with a scheduled trading program rather than discretionary market timing. As a Form 4 filing for a director position, this represents a material reduction in LII ownership; however, the pre-arranged nature of the plan means the timing reflects prior planning rather than a current signal of changed views about the company.