Watsco CEO Albert Nahmad's 2024 performance stock award cap doubled to $20M

WATSCO INC

Base salary unchanged at $600k for 2024; personal airplane use up to 90 hours.
Award formula based on EPS growth (higher rate above 5%) and stock price target ($428.47 or $514.16).
Award vests cliff on Oct 15, 2032; accelerated vesting for death, disability, or change in control.
Amendment approved Aug 13, 2024, effective Jan 1, 2024; prior cap was $10M.

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