secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001193125-24-259823
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312524259823/0001193125-24-259823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312524259823/d858327d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-259823

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer