WATSCO INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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Mar 31, 2024 · Filed May 3, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Recent Sales of Unregistered Securities
On March 11, 2024, we issued 20,387 shares of our Common stock to our Profit Sharing Retirement Plan & Trust (the “Profit Sharing Plan”) representing the employer match under the Profit Sharing Plan for the plan year ended December 31, 2023, without registration. This issuance was exempt from registration under the Securities Act pursuant to Section 3(a)(2) thereof. The Profit Sharing Plan is a profit sharing retirement plan that is qualified under Section 401 of the Internal Revenue Code of 1986, as amended. The assets of the Profit Sharing Plan are held in a single trust fund for the benefit of our employees, and the Profit Sharing Plan does not hold assets for the benefit of the employees of any other employer. All of the contributions to the Profit Sharing Plan from our employees have been invested in assets other than our Common stock. We have contributed all of the Common stock held by the Profit Sharing Plan as a discretionary matching contribution, which, at the time of contribution, was lower in value than the employee contributions that the contribution matched.
Issuer Purchases of Equity Securities
| Period | Total Number ofShares Purchased (1) | Average Price Paidper Share | Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orPrograms | Maximum DollarValue that May YetBe Purchased Underthe Plans orPrograms |
|---|---|---|---|---|
| January 1, 2024 to January 31, 2024 | 999 | $390.85 | — | $— |
| February 1, 2024 to February 29, 2024 | — | — | — | — |
| March 1, 2024 to March 31, 2024 | — | — | — | — |
| Total | 999 | $390.85 | — | $— |
| (1) | During the quarter ended March 31, 2024, we purchased an aggregate of 999 shares of our Class B common stock to satisfy the tax withholding obligations in connection with the vesting of restricted stock. |
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