Albert H. Nahmad - 15 Oct 2022 Form 4 Insider Report for WATSCO INC (WSO)

Role
Chairman and CEO, Director
Signature
/s/ Albert H. Nahmad
Issuer symbol
WSO
Transactions as of
15 Oct 2022
Net transactions value
-$84,618,896
Form type
4
Filing time
18 Oct 2022, 16:43:40 UTC
Previous filing
16 Mar 2022
Next filing
12 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WSO Common stock 1,494 15 Oct 2022 See footnote F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WSO Class B Common stock Tax liability $84,618,896 -311,408 -22% $271.73 1,104,214 15 Oct 2022 Class B Common stock 311,408 See footnote F2, F3
holding WSO Class B Common stock 902,006 15 Oct 2022 Class B Common stock 902,006 See footnote F2, F4
holding WSO Class B Common stock 75,501 15 Oct 2022 Class B Common stock 75,501 Direct F2, F5
holding WSO Class B Common stock 530,081 15 Oct 2022 Class B Common stock 530,081 See footnote F2, F6
holding WSO Class B Common stock 1,330,000 15 Oct 2022 Class B Common stock 1,330,000 See footnote F2, F7
holding WSO Class B Common stock 206,976 15 Oct 2022 Class B Common stock 206,976 See footnote F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership in Watsco, Inc. Profit Sharing Retirement Plan and Trust.
F2 The Class B Common Stock is convertible into Common Stock at any time on a one-for-one basis and has no expiration date.
F3 Reflects shares held by Albert Henry Capital L.P., a limited partnership over which Mr. Nahmad maintains effective control. Of the number of shares held following the reported transaction, 440,000 remain subject to vesting restrictions.
F4 Reflects shares held by My Pal Al, L.P., a limited partnership over which Mr. Nahmad maintains effective control, which are subject to vesting restrictions.
F5 Reflects shares held by Mr. Nahmad, which are subject to vesting restrictions.
F6 Reflects 498,845 shares held by various trusts over which Mr. Nahmad maintains effective control and 31,236 shares held by custodial accounts for Mr. Nahmad's grandchildren, of which Mr. Nahmad is the custodian.
F7 Reflects shares held by Albert Capital LP, a limited partnership, over which Mr. Nahmad maintains effective control.
F8 Reflects shares held by Colon Boy LP, a limited partnership, over which Mr. Nahmad maintains effective control.