Form 4: Watsco Inc. Executive Vice President Barry S. Logan Reports Stock Sale and Stock Award

Barry S. Logan, Executive Vice President of Watsco Inc., reports the sale of 774 shares of common stock and an award of 3,500 shares of common stock.

Summary

• On May 10, 2024, Barry S. Logan, Executive Vice President of Watsco Inc., reported a transaction involving Watsco Inc. common stock.
• Logan sold 774 shares of common stock at a price of $473.8492 per share.
• Following the transaction, Logan directly owns 108,750 shares of common stock and 3,500 shares of common stock from an award of stock pursuant to Watsco, Inc. Restricted Stock Agreement.
• Logan also indirectly owns 450 shares through an IRA and 1,770 shares through the Watsco, Inc. Profit Sharing Retirement Plan and Trust.
• Additionally, Logan directly owns 113,037 shares of Class B Common Stock, which are convertible into Common Stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• Logan was awarded 3,500 shares of common stock pursuant to Watsco, Inc. Restricted Stock Agreement.

Negatives

• Barry S. Logan, Executive Vice President of Watsco Inc., sold 774 shares of common stock on May 10, 2024, at $473.8492 per share.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The stock sale and award may have a minor impact on shareholders, as it reflects insider trading activity, which is closely monitored by investors.

Key Dates