Form 4: EVI Industries CFO Robert Lazar Reports Stock Transaction to Cover Tax Obligations
SEC Form 4 Filing
Robert Lazar, CFO of EVI Industries, surrendered shares to cover tax obligations related to vesting restricted stock awards.
Summary
- On October 5, 2024, Robert Lazar, the Chief Financial Officer of EVI Industries, Inc., engaged in a transaction involving the company's common stock.
- Lazar surrendered 199 shares of common stock to satisfy the issuer's tax withholding obligation related to the vesting of restricted stock awards.
- The price per share for this transaction was $19.55, based on the closing price of EVI Industries' common stock on October 4, 2024.
- Following this transaction, Lazar directly owns 85,809 shares of EVI Industries.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company executives to surrender shares to cover taxes related to vesting equity awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares surrendered for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 10/04/2024 | Closing price of EVI Industries' common stock was $19.55. |
| 10/05/2024 | Robert Lazar surrendered 199 shares of EVI Industries' common stock to cover tax obligations. |
| 10/09/2024 | Date of signature on the Form 4 filing. |
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