Form 4: Watsco Inc. Chairman and CEO Albert Nahmad Reports Transaction in Common Stock

Albert Nahmad, Chairman and CEO of Watsco Inc., reports the acquisition of 19 shares of common stock at a price of $428.47 per share on March 11, 2024.

Summary

• On March 11, 2024, Albert Nahmad, the Chairman and CEO of Watsco Inc., acquired 19 shares of common stock at $428.47 per share.
• Following this transaction, Mr. Nahmad directly and indirectly owns a significant amount of Watsco Inc. Class B Common Stock through various entities and trusts.
• The reported holdings include shares held by Albert Henry Capital L.P., My Pal Al, L.P., various trusts, custodial accounts for grandchildren, and Colon Boy LP, all entities over which Mr. Nahmad maintains effective control.
• 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 a transaction.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects the CEO's continued investment in the company.

Key Dates