LAZAR ROBERT 4
Research Summary
AI-generated summary
EVI CFO Robert Lazar Surrenders 1,199 Shares for Taxes
What Happened Robert Lazar, Chief Financial Officer of EVI INDUSTRIES, INC. (EVI), surrendered 1,199 shares on 2026-02-12 to satisfy the issuer's tax withholding obligation related to the vesting of previously granted restricted stock. The shares were valued at $21.06 each (closing price), resulting in proceeds of approximately $25,251. This was a tax-withholding disposition rather than an open-market sale or a purchase.
Key Details
- Transaction date and price: February 12, 2026, at $21.06 per share (closing price).
- Shares involved: 1,199 shares surrendered (disposed) to cover taxes.
- Total value: ~ $25,251.
- Footnotes: F1 = shares surrendered to satisfy tax withholding for vested restricted stock awards; F2 = $21.06 is the closing price on Feb 12, 2026.
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing timeliness: Report filed on 2026-02-13 for the 2026-02-12 transaction (filed the next day).
Context This transaction reflects a routine tax-withholding "surrender" of shares upon vesting of restricted stock awards (transaction code F), which is common and does not necessarily indicate buying or selling for investment reasons. For retail investors, purchases are generally more indicative of insider confidence; tax-related surrenders are administrative and should be interpreted accordingly.