Cesar L. Alvarez - May 22, 2023 Form 4 Insider Report for WATSCO INC (WSO)

Role
Director
Signature
/s/ Cesar L. Alvarez
Stock symbol
WSO
Transactions as of
May 22, 2023
Transactions value $
-$1,330,560
Form type
4
Date filed
5/24/2023, 04:08 PM
Previous filing
Mar 13, 2023
Next filing
Dec 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WSO Common Stock Options Exercise $740K +4K $185.12 0 May 22, 2023 Direct
transaction WSO Common Stock Sale -$1.33M -4K -100% $332.64 0 May 22, 2023 Direct 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 Stock Option (right to buy) Options Exercise -$740K -4K -100% $185.12 0 May 22, 2023 Common Stock 4K $185.12 Direct F2
holding WSO Stock Option (right to buy) 5K May 22, 2023 Common Stock 5K $160.69 Direct F3
holding WSO Stock Option (right to buy) 2.5K May 22, 2023 Common Stock 2.5K $175.07 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 8 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $332.50 to $332.91, inclusive. The reporting person undertakes to provide Watsco, any security holder of Watsco or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
F2 The options vested June 4, 2020.
F3 The options vested June 3, 2021.
F4 The options vested June 1, 2022.