Form 4: Comfort Systems USA CFO William George III Forfeits Shares to Cover Tax Obligations
SEC Form 4 Filing
William George III, CFO of Comfort Systems USA, forfeited a total of 1,835 shares of common stock on April 1, 2024, to cover tax obligations related to the vesting of restricted stock units.
Summary
- On April 1, 2024, William George III, the CFO of Comfort Systems USA, forfeited a total of 1,835 shares of common stock.
- These shares were forfeited to cover tax obligations associated with the vesting of restricted stock units.
- The forfeitures relate to restricted stock units granted on March 21, 2023, March 23, 2022, and March 10, 2021.
- The price per share for the forfeited shares was $320.03, based on the average of the high and low stock price on April 1, 2024.
- Following these transactions, George directly owns 60,944 shares of Comfort Systems USA common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The forfeiture of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares forfeited by an executive.
Key Dates
| Date | Description |
|---|---|
| 2021-03-10 | Date of grant for some of the restricted stock units related to the forfeited shares. |
| 2022-03-23 | Date of grant for some of the restricted stock units related to the forfeited shares. |
| 2023-03-21 | Date of grant for some of the restricted stock units related to the forfeited shares. |
| 2024-04-01 | Date of the transaction (stock forfeiture) and vesting of restricted stock units. |
| 2024-04-03 | Date of signature on the Form 4 filing. |
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