EVI (EVI) CFO Robert Lazar reports 198-share tax withholding
Rhea-AI Filing Summary
Robert Lazar, Chief Financial Officer of EVI Industries, Inc. (EVI), reported a transaction dated 10/05/2025 that reduced his beneficial ownership of common stock. He surrendered 198 shares of common stock to the company to satisfy tax withholding obligations tied to the vesting of previously granted restricted stock awards. The shares were recorded as disposed at a price of $29.54, which the filing states is the closing price on 10/03/2025. After the transaction, Mr. Lazar beneficially owns 92,339 shares. The Form 4 was signed on 10/07/2025.
Positive
- Transaction disclosed and reported in a timely Form 4 filing, showing regulatory compliance
- Surrender of 198 shares was used to satisfy tax withholding on vested restricted stock awards (administrative, not open-market sale)
Negative
- None.
Insights
Routine tax-withholding share surrender by the CFO, not a market-sale signal.
The transaction represents the surrender of 198 vested restricted shares to cover tax withholding rather than an open-market sale, which is a common administrative step when equity awards vest. This does not change the underlying grant economics and reduces outstanding personal share count by the surrendered amount.
The main dependency is the vesting schedule that triggered withholding; absent additional filings or company disclosures, there is no evidence of further planned disposals. Investors can note the remaining beneficial ownership of 92,339 shares as the current insider stake as of the reported transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.025 par value per share | 198 | $29.54 | $6K |
Footnotes (1)
- Represents shares of the issuer's common stock surrendered to the issuer to satisfy the issuer's tax withholding obligation relating to the vesting of certain restricted stock awards previously granted to Robert Lazar. Represents the closing price of the issuer's common stock on October 3, 2025, the last trading day prior to the vesting date.