[Form 4] EVI INDUSTRIES, INC. Insider Trading Activity
Rhea-AI Filing Summary
Henry M. Nahmad, Chairman, CEO and President of EVI Industries (EVI), reported insider transactions on 09/11/2025. He surrendered 12,221 common shares to satisfy tax withholding related to vested restricted stock, at the closing price of $28.22 per share. On the same date he was recorded as acquiring 173,365 shares for $0 (restricted stock award). After these transactions he beneficially owned 1,626,689 shares directly and had indirect beneficial ownership of 2,838,194 shares through Symmetric Capital LLC, of which he is the sole manager and for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider received a sizable restricted stock award while surrendering a small block to cover taxes; overall direct holdings rose.
The reported transactions show a non-cash acquisition of 173,365 common shares (priced at $0, consistent with a restricted stock grant) and the surrender of 12,221 shares to cover tax withholding at $28.22 per share. The net effect increased Mr. Nahmad's direct beneficial ownership to 1,626,689 shares while he maintains substantial indirect holdings via Symmetric Capital LLC (2,838,194 shares). For investors, this is a routine executive equity compensation event rather than a market-sale signal; the filing contains no information on dilution, grant terms beyond share count, or changes to company guidance.
TL;DR: Governance disclosure is standard; ownership and manager role in Symmetric Capital LLC are clearly stated.
The Form 4 discloses both direct and indirect holdings and clarifies that Mr. Nahmad is the sole manager of Symmetric Capital LLC while disclaiming beneficial ownership beyond pecuniary interest. The surrender of shares to satisfy tax obligations and the receipt of restricted shares are properly reported with transaction dates and prices. The filing provides necessary transparency on insider compensation and ownership structure but does not include the underlying award agreement or vesting schedule.