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 1,494 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 -$84,618,896 -311,408 -22% $271.73 1,104,214 Oct 15, 2022 Class B Common stock 311,408 See footnote F2, F3
holding WSO Class B Common stock 902,006 Oct 15, 2022 Class B Common stock 902,006 See footnote F2, F4
holding WSO Class B Common stock 75,501 Oct 15, 2022 Class B Common stock 75,501 Direct F2, F5
holding WSO Class B Common stock 530,081 Oct 15, 2022 Class B Common stock 530,081 See footnote F2, F6
holding WSO Class B Common stock 1,330,000 Oct 15, 2022 Class B Common stock 1,330,000 See footnote F2, F7
holding WSO Class B Common stock 206,976 Oct 15, 2022 Class B Common stock 206,976 See footnote F2, F8

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.