EVI Form 4: CFO Robert Lazar Surrenders 617 Shares; Owns 92,537 Shares
Rhea-AI Filing Summary
Robert Lazar, Chief Financial Officer of EVI Industries (EVI), reported a Form 4 disclosing a non‑derivative transaction on 09/27/2025. The filing shows Mr. Lazar surrendered 617 shares of EVI common stock to the issuer to satisfy tax withholding tied to the vesting of previously granted restricted stock awards. The filing records a price of $31.68, noted as the closing price on 09/26/2025. After the surrender, Mr. Lazar beneficially owns 92,537 shares of common stock in a direct capacity. The Form 4 is signed by the reporting person on 09/30/2025.
Positive
- Transparent disclosure of the tax‑withholding share surrender and remaining direct beneficial ownership
- Form properly signed and dated, meeting Section 16 reporting requirements
Negative
- None.
Insights
TL;DR: Routine tax‑withholding share surrender by the CFO; small absolute amount relative to total holdings.
The transaction is a standard mechanics event: surrendering 617 vested restricted shares to cover tax withholding obligations. The reported price of $31.68 is used solely to disclose the withholding value and reflects the prior trading day's close. No options, derivative transactions, or additional sales were reported. Remaining direct beneficial ownership of 92,537 shares is clearly stated, providing transparency on the officer's current stake. This filing does not disclose any change in control, additional grants, or other compensatory arrangements beyond the withholding action.
TL;DR: Administrative disclosure consistent with executive compensation settlement; not indicative of material change.
This Form 4 documents a tax withholding settlement relating to vested restricted stock awards, a common post‑vesting administrative step. The nature of the transaction (surrender to issuer) and the immaterial share count (617 shares) suggest no deliberate cash‑generation sale or signaling of a change in insider sentiment. The report includes the required signature and dates, satisfying Section 16 disclosure obligations. No additional governance concerns, such as accelerated vesting or related‑party transfers, are evident in the filing.