Form 4: Watsco Director Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Director John Michael Custer exercised stock options and disposed of shares of Watsco Inc. on June 6, 2024.
Summary
- On June 6, 2024, John Michael Custer, a director of Watsco Inc., exercised stock options to acquire 1,666 shares of common stock at a price of $260.28 per share.
- Simultaneously, Custer disposed of 1,666 shares of common stock.
- Following these transactions, Custer directly owns 4,086 shares of Watsco Inc. common stock.
- Custer also holds options to purchase 2,000 shares of common stock at $376.95, which vest in installments on August 1, 2023, August 1, 2024, and August 1, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports routine stock transactions by a company director.
Industry Context
This filing reflects routine transactions by a company insider and provides insight into executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Exercise of stock options and disposal of shares. |
| 06/06/2024 | Options vested. |
| 08/01/2023 | First vesting date for options to buy 2,000 shares. |
| 08/01/2024 | Second vesting date for options to buy 2,000 shares. |
| 08/01/2025 | Third vesting date for options to buy 2,000 shares. |
| 08/01/2028 | Expiration date for options to buy 2,000 shares. |
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