Form 4: EVI Industries Executive Thomas Marks Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Thomas Marks, EVP of Business Development at EVI Industries, disposed of 826 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 9, 2024, Thomas Marks, EVP of Business Development at EVI Industries, disposed of 826 shares of common stock to satisfy tax withholding obligations.
- The shares were sold at a price of $19.24 per share.
- Following the transaction, Marks directly owns 119,680 shares and indirectly owns 1,022,495 shares through family and children's trusts.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports a routine transaction related to tax obligations.
Industry Context
Executive share disposals for tax purposes are a common occurrence, particularly after the vesting of restricted stock units. This transaction is a routine part of executive compensation and tax management.
Key Dates
| Date | Description |
|---|---|
| 10/09/2024 | Date of the share disposal transaction. |
| 10/11/2024 | Date of signature on the Form 4 filing. |
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