CUSTER JOHN MICHAEL exercised options at WATSCO INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

CUSTER JOHN MICHAEL

Filed: 3/1/2023ACC: 0001209191-23-014077

InsiderCUSTER JOHN MICHAELCIK 1762659

→

IssuerWATSCO INCCIK 105016

Director

Since Dec 2018

-5.49K

Net shares

Net seller

$1.67M

Total sold

Open market trades

0B · 0S

Total transactions

9.17K acquired · 14.66K disposed

Non-Derivative Transactions6

Common stock

Direct

M · Option Exercise

+5K

Price / share

$160.69

Trade value

$803.45K

% of position

New position

2/27/2023

-5K→0.00

Common stock

Direct

F · Tax Withholding

−2.63K

Price / share

$304.99

Trade value

$803.34K

% of position

52.7%

2/27/2023

5K→2.37K

Common stock

Direct

M · Option Exercise

+2.50K

Price / share

$175.07

Trade value

$437.68K

% of position

New position

2/27/2023

-2.50K→0.00

Common stock

Direct

F · Tax Withholding

−1.44K

Price / share

$304.99

Trade value

$437.66K

% of position

57.4%

2/27/2023

2.50K→1.06K

Common stock

Direct

M · Option Exercise

+1.67K

Price / share

$260.28

Trade value

$433.89K

% of position

New position

2/27/2023

-1.67K→0.00

Common stock

Direct

F · Tax Withholding

−1.42K

Price / share

$304.99

Trade value

$433.70K

% of position

85.3%

2/27/2023

1.67K→245.00

Total

Net shares

+3.68K

Net value

$311.67

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common stock Direct	2/27/2023	M · Option Exercise	+5K	$160.69	$803.45K	New position	-5K	0.00
Common stock Direct	2/27/2023	F · Tax Withholding	−2.63K	$304.99	$803.34K	52.7%	5K	2.37K
Common stock Direct	2/27/2023	M · Option Exercise	+2.50K	$175.07	$437.68K	New position	-2.50K	0.00
Common stock Direct	2/27/2023	F · Tax Withholding	−1.44K	$304.99	$437.66K	57.4%	2.50K	1.06K
Common stock Direct	2/27/2023	M · Option Exercise	+1.67K	$260.28	$433.89K	New position	-1.67K	0.00
Common stock Direct	2/27/2023	F · Tax Withholding	−1.42K	$304.99	$433.70K	85.3%	1.67K	245.00
Total			+3.68K		$311.67

Derivative Transactions3

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

5K shares

−5K

Strike price

160.69

Held after

0.00

Exercisable

—

2/27/2023

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

175.07

Held after

0.00

Exercisable

—

2/27/2023

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

5K shares

−1.67K

Strike price

260.28

Held after

3.33K

Exercisable

—

2/27/2023

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (right to buy) Direct	Common Stock5K shares	2/27/2023	M · Option Exercise	−5K	160.69	—	0.00
Stock Option (right to buy) Direct	Common Stock2.50K shares	2/27/2023	M · Option Exercise	−2.50K	175.07	—	0.00
Stock Option (right to buy) Direct	Common Stock5K shares	2/27/2023	M · Option Exercise	−1.67K	260.28	—	3.33K