Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information for Common Stock

Our common stock is listed for trading on the New York Stock Exchange under the symbol “LII.”

Holders of Common Stock

As of the close of business on February 4, 2025, approximately 488 holders of record held our common stock.

Comparison of Total Stockholder Return

The following graph compares the cumulative total returns of LII’s common stock with the cumulative total returns of the Standard & Poor’s Midcap 400 Index, a broad index of mid-size U.S. companies, Standard & Poor’s 500 Index of which the Company is a part beginning in 2024, a broad index of large U.S. companies, and with a peer group of U.S. industrial manufacturing and service companies in the HVACR businesses. The graph assumes that $100 was invested on December 31, 2019, with dividends reinvested. Our peer group includes AAON, Inc., Carrier Global Corp., Johnson Controls International plc, Trane Technologies plc, and Watsco, Inc.

This performance graph and other information furnished under this Comparison of Total Stockholder Return section shall not be deemed to be “soliciting material” or to be “filed” with the Securities and Exchange Commission or subject to Regulation 14A or 14C, or to the liabilities of Section 18 of the Exchange Act.

Our Purchases of Company Equity Securities

Since the inception of the Company’s share repurchase program in 2008, our Board of Directors has authorized a total of $4 billion to repurchase shares of our common stock (collectively referred to as the “Share Repurchase Plans”), including an incremental $1.0 billion share repurchase authorization in July 2021. The Share Repurchase Plans authorize open market repurchase transactions and do not have a stated expiration date. As of December 31, 2024, $492 million is available to repurchase shares under the Share Repurchase Plans.

In the fourth quarter of 2024, we purchased shares of our common stock as follows:


	Total Number of Shares Purchased	Average Price Paid per Share (including fees)		Total Number of Shares Purchased As Part of Publicly Announced Plans	Approximate Dollar Value of Shares that may yet be Purchased under our Share Repurchase Plans (in millions) (1)


October 1 through October 31	24,000	$	602.59	24,000	$	518.0
November 1 through November 30	20,000	$	631.85	20,000	$	505.4
December 1 through December 31	21,000	$	645.42	21,000	$	491.8
	65,000			65,000

(1) Since the inception of the Company’s share repurchase program in 2008, the Board has authorized share repurchases in an amount not to exceed $4.0 billion (the "Share Repurchase Plans"). The Share Repurchase Plans do not have an expiration date. See Note 6 in the Notes to the Consolidated Financial Statement for further details.

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