Form 4: Watsco Inc. Chairman and CEO Albert Nahmad Reports Changes in Beneficial Ownership

Albert Nahmad, Chairman and CEO of Watsco Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock, including acquisitions and disposals of Class B Common Stock.

Summary

• Albert Nahmad, Chairman and CEO of Watsco Inc., reported changes in his beneficial ownership of Watsco's securities.
• The report includes transactions related to Class B Common Stock.
• On January 7, 2025, Mr. Nahmad acquired 11,597 shares of Class B Common Stock at a price of $469.95.
• Following the reported transactions, Mr. Nahmad directly owns 150,385 shares of Class B Common Stock.
• Mr. Nahmad also indirectly owns shares through various entities, including Albert Henry Capital L.P., My Pal Al, L.P., trusts, and Colon Boy LP.
• The Class B Common Stock is convertible into Common Stock on a one-for-one basis and has no expiration date.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the holdings of Watsco's Chairman and CEO, which is relevant information for investors.

Stakeholder Impact

• Shareholders may be interested in the changes in beneficial ownership reported by the company's Chairman and CEO.

Key Dates