Director receives $200K stock grant at Comfort Systems
MYERS FRANKLIN reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
MYERS FRANKLIN reported acquisition or exercise transactions in this Form 4 filing.
COMFORT SYSTEMS USA INC director Franklin Myers received a grant of 105 shares of Common Stock as a non-cash award. The grant was made under the 2017 Omnibus Incentive Plan and is valued at $200,000 based on the average share price on the annual meeting date.
After the award, Myers holds 69,088 shares directly and 12,495 shares indirectly through a partnership interest. The indirect holdings were reclassified from direct to indirect beneficial ownership in a transaction exempt from Section 16 under Rule 16a-13, so it does not represent a market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 105 shares
Grant/Award
2 txns
Insider
MYERS FRANKLIN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 105 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 69,088 shares (Direct);
Common Stock — 12,495 shares (Indirect, Partnership Interest)
Footnotes (2)
- F1. Shares granted pursuant to the 2017 Omnibus Incentive Plan as approved by stockholders on May 23, 2017. Non-employee directors are given an annual grant of Comfort Systems USA Common Stock following election or reelection at the Company's annual stockholders' meeting. This year's grant is equal to $200,000, as rounded up to the nearest whole share, based on the average of the high and low price of the Company's Common Stock on the day of the annual stockholders' meeting.
- F2. The shares held indirectly were transferred from direct to indirect beneficial ownership in a transaction exempt from Section 16 pursuant to Rule 16a-13.
Key Figures
Stock grant size: 105 shares
Grant value: $200,000
Direct holdings after transaction: 69,088 shares
+3 more
6 metrics
Stock grant size
105 shares
Annual non-employee director grant under 2017 Omnibus Incentive Plan
Grant value
$200,000
Equal to $200,000 based on average of high and low price on meeting date
Direct holdings after transaction
69,088 shares
Common Stock directly owned by Franklin Myers after the grant
Indirect holdings after reclassification
12,495 shares
Common Stock held indirectly through partnership interest after Rule 16a-13 transfer
Holding entries
1 entry
One holding entry reflecting indirect ownership via partnership
Acquire-type transactions
1 transaction
One grant/award acquisition reported with code A
Key Terms
2017 Omnibus Incentive Plan, Non-employee directors, beneficial ownership, Rule 16a-13, +1 more
5 terms
2017 Omnibus Incentive Plan financial
"Shares granted pursuant to the 2017 Omnibus Incentive Plan as approved by stockholders on May 23, 2017."
Non-employee directors financial
"Non-employee directors are given an annual grant of Comfort Systems USA Common Stock following election or reelection at the Company's annual stockholders' meeting."
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
beneficial ownership regulatory
"The shares held indirectly were transferred from direct to indirect beneficial ownership in a transaction exempt from Section 16 pursuant to Rule 16a-13."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Rule 16a-13 regulatory
"transferred from direct to indirect beneficial ownership in a transaction exempt from Section 16 pursuant to Rule 16a-13."
Partnership Interest financial
"total_shares_following_transaction: 12495.0000, direct_or_indirect: I, nature_of_ownership: Partnership Interest"
FAQ
What did Franklin Myers report in this COMFORT SYSTEMS USA (FIX) Form 4 filing?
Franklin Myers reported receiving 105 shares of Common Stock as a non-cash award. The shares were granted under the 2017 Omnibus Incentive Plan as part of his annual non-employee director compensation following the company’s stockholders’ meeting.
How large is Franklin Myers’ new stock grant from COMFORT SYSTEMS USA (FIX)?
The new grant equals 105 shares of Common Stock, valued at $200,000. The value is based on the average of the high and low trading prices of COMFORT SYSTEMS USA stock on the day of the annual stockholders’ meeting.
What is the source of Franklin Myers’ stock award from COMFORT SYSTEMS USA (FIX)?
The stock award comes from the company’s 2017 Omnibus Incentive Plan approved by stockholders. Non-employee directors receive an annual grant of COMFORT SYSTEMS USA Common Stock following election or reelection at the annual stockholders’ meeting as part of their compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
