Form 4: EVI CFO Sells Shares for Tax Obligations

EVI Industries' Chief Financial Officer, Robert Lazar, disposed of 617 shares of common stock to cover tax withholding obligations related to vested restricted stock awards.

Summary

• Robert Lazar, Chief Financial Officer of EVI Industries, Inc. (EVI), reported a transaction involving the company's common stock.
• On September 27, 2025, Mr. Lazar disposed of 617 shares of common stock.
• The disposition was made to satisfy tax withholding obligations related to the vesting of previously granted restricted stock awards.
• The shares were valued at $31.68 per share, which was the closing price on September 26, 2025, the last trading day prior to the vesting date.
• Following this transaction, Mr. Lazar beneficially owns 92,537 shares of EVI Industries' common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event for the company's operational performance or future prospects.

Positives

• The transaction indicates the vesting of restricted stock awards, which is a common component of executive compensation and can serve as an incentive for long-term performance and retention.

Negatives

• The disposition of shares, while for tax purposes, represents a reduction in direct insider ownership, though it is a routine and expected event for equity compensation.

Future Outlook

na

Management Comments

• Robert Lazar, Chief Financial Officer, surrendered 617 shares of common stock to satisfy tax withholding obligations relating to the vesting of certain restricted stock awards previously granted.

Industry Context

This is a routine insider transaction common across all industries when restricted stock awards vest, and executives need to cover tax liabilities. It does not reflect a change in the company's operational strategy or market position.

Comparison to Industry Standards

• Such 'sell to cover' transactions are standard practice for executives receiving equity compensation across publicly traded companies, aligning with typical compensation structures and tax compliance requirements.

Stakeholder Impact

• Minimal impact on shareholders as it is a routine tax-related transaction by an executive, not indicative of a change in company fundamentals or management's long-term commitment.

Key Dates

Keywords

EVI Industries, Form 4, Insider Transaction, Robert Lazar, CFO, Stock Sale, Tax Withholding, Beneficial Ownership, Restricted Stock