Watsco Chairman & CEO Albert H. Nahmad Surrenders $90.4M in Shares for Tax Withholding

Executive Summary

On October 15, 2026, Albert H. Nahmad, Chairman and Chief Executive Officer of Watsco, Inc. ($WSO), engaged in a disposition of 314,576 shares of Class B Common Stock valued at approximately $90.44 million at a price of $287.50 per share. The transaction was carried out under transaction code F, signifying the withholding of shares to cover tax liabilities associated with the vesting of restricted stock.

Transaction & Holding Details

• Security: Class B Common Stock (convertible 1-for-1 into Common Stock at any time with no expiration).
• Nature of Transaction: Non-discretionary tax withholding (Code F) following restricted stock vesting.
• Entity Involved: The withheld shares were held indirectly via My Pal Al, L.P., an entity over which Mr. Nahmad exercises effective control.
• Remaining Holdings in Entity: Following the transaction, My Pal Al, L.P. retains 587,430 shares of Class B Common Stock, of which 102,575 remain subject to vesting restrictions.
• Broader Insider Position: Mr. Nahmad continues to maintain substantial direct and indirect beneficial ownership across multiple partnerships and trusts, including over 2.59 million shares in trusts, 440,000 shares in Albert Henry Capital L.P., 206,976 shares in Colon Boy LP, and 160,385 shares in Gramps G-MA, L.P.

Market & Trading Significance

Despite the headline transaction value exceeding $90 million, the trading significance is rated as Low. Code F transactions represent mandatory or standard net settlements of shares upon vesting rather than discretionary market dispositions. Consequently, this transaction does not convey a directional or negative sentiment regarding Watsco's operational outlook.