Form 4: EVI Industries CEO Nahmad Reduces Direct Stake for Tax

EVI Industries' Chairman, CEO, and President, Henry M. Nahmad, surrendered 8,198 shares of common stock to cover tax withholding obligations related to restricted stock awards.

Summary

• Henry M. Nahmad, Chairman, CEO, and President of EVI Industries, Inc., reported a change in beneficial ownership.
• On October 9, 2025, Nahmad surrendered 8,198 shares of EVI common stock.
• This transaction was to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock awards.
• The shares were valued at $29.83 per share, which was the closing price on the transaction date.
• Following this transaction, Nahmad directly beneficially owns 1,603,177 shares of common stock.
• He also indirectly beneficially owns 2,838,194 shares through Symmetric Capital LLC, where he is the sole manager, disclaiming beneficial ownership except for his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine insider transaction for tax purposes, not indicative of positive or negative sentiment towards the company's prospects or a change in the executive's long-term view.

Positives

• Vesting of restricted stock awards indicates successful achievement of performance milestones or tenure, benefiting the executive.

Negatives

• Direct beneficial ownership decreased by 8,198 shares due to tax withholding.

Future Outlook

NA

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

NA

Related Party Transactions

• Indirect beneficial ownership of 2,838,194 shares through Symmetric Capital LLC, where Mr. Nahmad is the sole manager.

Stakeholder Impact

• Shareholders: Minimal impact as the transaction is a routine tax-related event and does not reflect a change in investment thesis.
• Employees: The vesting of restricted stock awards is a positive for the executive, reflecting compensation.

Key Dates

Recommendation

The filing details a routine insider transaction where the CEO surrendered shares for tax withholding related to restricted stock awards. This type of transaction is common and does not typically signal a change in the company's fundamentals or the executive's long-term view, thus not warranting a change from a 'hold' recommendation.

Keywords

EVI Industries, EVI, Henry M. Nahmad, Form 4, beneficial ownership, insider transaction, restricted stock, tax withholding, CEO, Chairman, President