Form 4: EVI Industries CEO Nahmad Reports Tax-Related Share Disposal

EVI Industries' Chairman, CEO, and President, Henry M. Nahmad, reported the surrender of 5,626 shares of common stock to cover tax withholding obligations from restricted stock vesting.

Summary

• Henry M. Nahmad, Chairman, CEO, President, and a 10% owner of EVI Industries, Inc. (EVI), reported a transaction on October 5, 2025.
• The transaction involved the disposal of 5,626 shares of EVI common stock, with a par value of $0.025 per share.
• These shares were surrendered to the issuer to satisfy tax withholding obligations related to the vesting of previously granted restricted stock awards.
• The shares were valued at $29.54 per share, which was the closing price on October 3, 2025, the last trading day before the vesting date.
• Following this transaction, Mr. Nahmad directly beneficially owns 1,611,375 shares of common stock.
• Additionally, Mr. Nahmad indirectly beneficially owns 2,838,194 shares through Symmetric Capital LLC, where he is the sole manager, though he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction related to tax withholding on restricted stock vesting, which is a neutral event for company operations and stock performance.

Positives

• The transaction is a result of the vesting of previously granted restricted stock awards, indicating the fulfillment of compensation agreements and potentially the achievement of performance milestones.

Negatives

• A reduction in direct beneficial ownership by a key executive, even if for tax purposes, as 5,626 shares were disposed of.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

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

This Form 4 filing is a routine disclosure of an insider transaction, specifically related to executive compensation and tax obligations. It does not provide information directly related to broader industry trends or competitive positioning.

Related Party Transactions

• Henry M. Nahmad indirectly beneficially owns shares through Symmetric Capital LLC, of which he is the sole manager. This represents a related party relationship for beneficial ownership reporting.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not a voluntary sale indicating a change in management's confidence.
• Management: The transaction reflects the fulfillment of executive compensation agreements through restricted stock vesting.

Key Dates

Keywords

EVI Industries, EVI, Henry M. Nahmad, Form 4, Insider Transaction, Share Disposal, Restricted Stock, Tax Withholding, Beneficial Ownership