Comfort Systems (FIX) SVP Terrence Reed Forfeits Shares for Taxes

What Happened
Terrence Reed, Senior Vice President & Chief Human Resources Officer at Comfort Systems USA (FIX), forfeited a total of 273 shares (vested restricted stock units) on April 1, 2026 to satisfy tax withholding obligations. The forfeitures were recorded as three transactions: 98 shares at $1,429.60 ($140,100), 82 shares at $1,429.60 ($117,227), and 93 shares at $1,429.60 ($132,952), totaling $390,279. These were tax-withholding/forfeiture transactions (code F), not open-market sales or purchases.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely filing).
• Prices used: $1,429.60 per share (average of the high and low on April 1, 2026).
• Shares forfeited: 98, 82, and 93 (total 273); total value approximately $390,279.
• Shares owned after transaction: not specified in the filing.
• Footnotes: forfeitures relate to RSUs that vested on April 1, 2026 and to earlier RSU grants (grants dated March 19, 2025; March 20, 2024; March 21, 2023). Price basis per share is the average of the high and low on April 1, 2026.
• Transaction code: F = tax withholding / forfeiture to satisfy tax liability.

Context

• These transactions are routine tax-withholding events when restricted stock units vest; the company withholds (forfeits) a portion of vested shares to cover required taxes. This is not an open-market sale or an economic divestment by the insider and does not necessarily signal the insider’s view of the stock.
• Purchases (insider buys) generally carry more weight for interpreting insider sentiment; forfeitures for tax purposes are administrative.