Form 4: Comfort Systems USA SVP & CHRO Terrence Reed Forfeits Shares Upon RSU Vesting
SEC Form 4 Filing
Terrence Reed, SVP & CHRO of Comfort Systems USA, forfeited shares related to restricted stock units (RSUs) that vested on April 1, 2024.
Summary
- On April 1, 2024, Terrence Reed, the SVP & CHRO of Comfort Systems USA, forfeited a total of 327 shares of common stock.
- These shares were related to the vesting of restricted stock units (RSUs) granted on various dates: March 21, 2023 (76 shares), March 23, 2022 (88 shares), and March 10, 2021 (163 shares).
- 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, Reed directly owns 3,759 shares of Comfort Systems USA common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative performance for the company.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies. It reflects the standard practice of granting and vesting restricted stock units to company executives.
Stakeholder Impact
- The forfeiture of shares has a negligible impact on shareholders, employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 03/10/2021 | Date of grant for restricted stock units related to forfeited shares. |
| 03/23/2022 | Date of grant for restricted stock units related to forfeited shares. |
| 03/21/2023 | Date of grant for restricted stock units related to forfeited shares. |
| 04/01/2024 | Date of transaction: Forfeiture of shares related to vested RSUs. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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