Director receives $200,000 stock grant at Comfort Systems USA (NYSE: FIX)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SANDBROOK WILLIAM J reported acquisition or exercise transactions in this Form 4 filing.
Comfort Systems USA director William J. Sandbrook received a stock grant of 105 shares of Common Stock as compensation. The award was issued at no cash cost to him under the 2017 Omnibus Incentive Plan and is based on an annual grant value of $200,000 determined using the stock price on the day of the annual stockholders' meeting. Following this grant, he holds 7,771 shares of Common Stock, including 170 shares held indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SANDBROOK WILLIAM J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 105 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,771 shares (Direct, null)
Footnotes (1)
- 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. Shares held directly by the Reporting Person, including 170 shares held indirectly by the Reporting Person.
Key Figures
Stock grant: 105 shares
Post-grant holdings: 7,771 shares
Annual director grant value: $200,000
+1 more
4 metrics
Stock grant
105 shares
Common Stock awarded to director as compensation
Post-grant holdings
7,771 shares
Total Common Stock held after transaction, including indirect
Annual director grant value
$200,000
Grant value based on average of high and low price on meeting day
Indirect holdings
170 shares
Portion of total shares held indirectly by the reporting person
Key Terms
2017 Omnibus Incentive Plan, non-employee directors, annual stockholders' meeting, grant
4 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."
annual stockholders' meeting financial
"based on the average of the high and low price of the Company's Common Stock on the day of the annual stockholders' meeting."
grant financial
"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."
FAQ
What did FIX director William J. Sandbrook report in this Form 4?
William J. Sandbrook reported receiving 105 shares of Comfort Systems USA Common Stock as a stock grant. The award was granted at no cash cost to him as director compensation under the company’s 2017 Omnibus Incentive Plan.
Was Sandbrook’s FIX stock transaction an open-market purchase or sale?
The transaction was not an open-market trade; it was a grant of 105 shares classified as an acquisition under code A. The shares were awarded as director compensation rather than bought or sold on the open market.
What plan governs the FIX stock grant to director Sandbrook?
The stock grant was made under Comfort Systems USA’s 2017 Omnibus Incentive Plan. This plan, approved by stockholders on May 23, 2017, provides annual Common Stock awards to non-employee directors following their election or reelection.
What is the stated value of the 2026 annual stock grant for FIX non-employee directors?
The 2026 annual stock grant for non-employee directors is set at $200,000 in Comfort Systems USA Common Stock. The number of shares is rounded up to the nearest whole share based on the average of the day’s high and low trading prices.