EVI Insider Filing: Marks' RSU Vesting and Tax-Withheld Shares Reported
Rhea-AI Filing Summary
Thomas Marks, identified as an officer (EVP, Business Development) of EVI INDUSTRIES, INC. (EVI), reported transactions dated 09/11/2025. He had 1,224 shares of common stock withheld by the issuer to satisfy tax withholding on vested restricted stock units at a reported price of $28.22 per share, reducing his direct holdings to 118,456 shares. On the same date he was credited with 14,174 restricted stock units (RSUs) that vest into common shares at no cash price, bringing his direct beneficial ownership to 132,630 shares. He also reports 1,022,495 shares of indirect beneficial ownership held by family and children’s trusts. Explanations in the filing state the withheld shares related to RSU vesting and RSUs represent contingent rights to receive one share upon vesting.
Positive
- Receipt of 14,174 RSUs increases direct potential ownership without cash outlay
- Transparent disclosure of indirect ownership of 1,022,495 shares via family and children's trusts
Negative
- 1,224 shares withheld to satisfy tax obligations reduced direct holdings (disposition at $28.22 per share)
Insights
TL;DR: Insider received RSUs and had a small tax-withholding disposition; total direct and indirect holdings remain substantial.
The Form 4 shows a routine equity compensation event: 14,174 RSUs were granted/credited and 1,224 shares were withheld for taxes at the closing price of $28.22 on 09/11/2025. The net result increases the reporting person's direct stake to 132,630 shares while indirect holdings via trusts are material at 1,022,495 shares. From an investor perspective this is a standard executive compensation mechanics disclosure rather than a directional trade signal. The filing contains clear quantities and prices and no derivative transactions were reported.
TL;DR: Filing documents routine RSU vesting with tax withholding; governance controls appear followed and ownership disclosure is transparent.
The reporting indicates compliance with Section 16 reporting: RSUs vesting triggered tax withholding of 1,224 shares, and the filing discloses both direct and indirect beneficial ownership with trusts holding 1,022,495 shares. The presence of indirect holdings via family/children's trusts is appropriately disclosed, which is important for understanding potential aggregated insider influence. No sales or open-market dispositions beyond withholding are noted, and no 10b5-1 plan or amendment is claimed in the filing.