Form 4: EVI Industries CFO Robert Lazar Sells Shares to Cover Tax Obligations
SEC Form 4
Robert Lazar, CFO of EVI Industries, sold 132 shares of common stock on November 3, 2024, to cover tax obligations related to vesting restricted stock awards.
Summary
- On November 3, 2024, Robert Lazar, the Chief Financial Officer of EVI Industries, sold 132 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. Lazar.
- The price per share was $19.98, based on the closing price of EVI Industries' common stock on November 1, 2024.
- Following the transaction, Mr. Lazar directly owns 85,397 shares of EVI Industries' common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction for tax purposes and doesn't indicate any fundamental change in the company's prospects or management's confidence.
Industry Context
Executive stock sales for tax purposes are a common occurrence, especially after vesting of restricted stock units. This transaction is unlikely to have a significant impact on the company's stock price or overall financial health.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Closing price of EVI Industries' common stock was $19.98. |
| 11/03/2024 | Robert Lazar sold 132 shares of EVI Industries' common stock. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
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