Watsco Amends CEO Albert Nahmad's Performance-Based Stock Award

Watsco, Inc. amended its employment agreement with Chairman and CEO Albert H. Nahmad, increasing the maximum potential performance-based stock award for 2024 from $10 million to $20 million, payable as restricted stock vesting in 2032.

“Pursuant to the A&R Amendment, the maximum amount of Mr. Nahmad’s potential performance-based stock award for the year ending December 31, 2024, payable solely in the form of a restricted stock grant with cliff-vesting on October 15, 2032, has been increased from $10.0 to $20.0 million.”

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