Form 4: EVI CEO Nahmad Reports Routine Stock Transaction & Correction
Insider Transaction Report
EVI Industries' Chairman, CEO, and President, Henry M. Nahmad, reported a disposition of shares to cover tax obligations related to restricted stock awards and corrected a previous filing error.
Summary
- Henry M. Nahmad, Chairman, CEO, and President of EVI Industries, reported a transaction on September 27, 2025.
- He disposed of 9,958 shares of EVI Industries common stock at a price of $31.68 per share.
- This disposition was made to satisfy tax withholding obligations related to the vesting of certain restricted stock awards previously granted to Mr. Nahmad.
- Following this transaction, Mr. Nahmad directly owns 1,617,001 shares of common stock.
- He also indirectly owns 2,838,194 shares through Symmetric Capital LLC, where he serves as the sole manager.
- The filing includes a correction to a previous Form 4 filed on September 15, 2025, clarifying that 173,635 shares were granted on September 11, 2025, not 173,365 shares as inadvertently reported.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax purposes and a correction of a previous administrative error, indicating no significant positive or negative operational or strategic news.
Positives
- The vesting of restricted stock awards, which led to the tax withholding transaction, indicates the fulfillment of performance or tenure conditions for executive compensation.
Negatives
- The disposition of 9,958 shares reduces the direct beneficial ownership of the Chairman, CEO, and President, Henry M. Nahmad, though it is for a tax-related purpose.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Henry M. Nahmad is the sole manager of Symmetric Capital LLC, which indirectly owns 2,838,194 shares of EVI Industries common stock. Mr. Nahmad disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
Stakeholder Impact
- Shareholders: Minor administrative adjustment to insider holdings, with no direct impact on company operations or valuation.
Key Dates
| Date | Description |
|---|---|
| 09/11/2025 | Actual grant date of 173,635 shares of common stock to Henry M. Nahmad. |
| 09/15/2025 | Date of inadvertently filed Form 4 by Mr. Nahmad. |
| 09/26/2025 | Last trading day prior to the vesting date, with a closing price of $31.68 per share. |
| 09/27/2025 | Transaction date for the disposition of shares to satisfy tax withholding obligations. |
| 09/30/2025 | Signature date of the current Form 4 filing. |
Recommendation
holdThis Form 4 filing details a routine disposition of shares by the CEO to cover tax obligations related to restricted stock awards and corrects a minor administrative error in a previous filing. It does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The transaction is a standard part of executive compensation and tax planning.
Keywords
EVI Industries, EVI, Henry M. Nahmad, Form 4, beneficial ownership, stock transaction, restricted stock, tax withholding, insider trading
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