Form 4: EVI Industries CEO Henry Nahmad Sells Shares to Cover Tax Obligations

Henry Nahmad, Chairman, CEO, and President of EVI Industries, sold 5,626 shares of common stock to cover tax obligations related to vesting restricted stock awards.

Summary

• On October 5, 2024, Henry M. Nahmad, Chairman, CEO, and President of EVI Industries, sold 5,626 shares of the company's common stock.
• The sale was executed to satisfy tax withholding obligations related to the vesting of restricted stock awards previously granted to Mr. Nahmad.
• The price per share was $19.55, based on the closing price of EVI Industries' common stock on October 4, 2024.
• Following the transaction, Mr. Nahmad directly owns 1,476,802 shares of EVI Industries' common stock.
• Mr. Nahmad also indirectly owns 2,838,194 shares through Symmetric Capital LLC, where he serves as the sole manager, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover tax obligations) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

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.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations and does not necessarily indicate a change in the executive's long-term outlook for the company.

Key Dates