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

Role
Chairman and CEO, Director
Signature
/s/ Albert H. Nahmad
Stock symbol
WSO
Transactions as of
Oct 15, 2022
Transactions value $
-$84,618,896
Form type
4
Date filed
10/18/2022, 04:43 PM
Previous filing
Mar 16, 2022
Next filing
Jan 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WSO Common stock 1.49K Oct 15, 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 -$84.6M -311K -22% $271.73 1.1M Oct 15, 2022 Class B Common stock 311K See footnote F2, F3
holding WSO Class B Common stock 902K Oct 15, 2022 Class B Common stock 902K See footnote F2, F4
holding WSO Class B Common stock 75.5K Oct 15, 2022 Class B Common stock 75.5K Direct F2, F5
holding WSO Class B Common stock 530K Oct 15, 2022 Class B Common stock 530K See footnote F2, F6
holding WSO Class B Common stock 1.33M Oct 15, 2022 Class B Common stock 1.33M See footnote F2, F7
holding WSO Class B Common stock 207K Oct 15, 2022 Class B Common stock 207K 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.