Form 4: EVI Industries CEO Henry Nahmad Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Henry Nahmad, Chairman, CEO, and President of EVI Industries, sold shares to cover tax obligations related to vesting restricted stock awards.
Summary
- On October 9, 2024, Henry M. Nahmad, Chairman, CEO, and President of EVI Industries, sold 8,199 shares of common stock to satisfy tax withholding obligations related to the vesting of restricted stock awards.
- The sale price was $19.24 per share.
- Following the transaction, Nahmad directly owns 1,468,603 shares and indirectly owns 2,838,194 shares through Symmetric Capital LLC.
- Nahmad disclaims beneficial ownership of shares held by Symmetric Capital LLC except to the extent of his pecuniary interest.
Sentiment
Score: 6
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction to cover tax obligations. It doesn't inherently suggest positive or negative sentiment, but the sale of shares, even for tax purposes, could be perceived neutrally by the market.
Management Comments
- Mr. Nahmad disclaims beneficial ownership of the shares of the issuer's common stock held by Symmetric Capital LLC except to the extent of his pecuniary interest therein.
Key Dates
| Date | Description |
|---|---|
| 10/09/2024 | Date of transaction: Henry Nahmad sold shares to cover tax obligations. |
| 10/11/2024 | Date of signature on the Form 4 filing. |
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