Reed Terrence 4

What Happened

• Terrence Reed, SVP & CHRO of Comfort Systems USA (ticker: FIX), was credited with two awards on March 23, 2026: 275 restricted stock units (RSUs) granted and 188 dollar‑denominated performance RSUs that vested. The awards were recorded at $0.00 (no cash purchase).
• To cover tax withholding on the vested awards, 56 shares were surrendered (disposed) at $1,408.25 per share, totaling $78,862. After withholding, the 188 vested units netted 132 shares delivered to Reed (188 vested − 56 withheld).

Key Details

• Transaction date: March 23, 2026; Form filed March 25, 2026 (timely).
• Grants: 275 RSUs (new grant) and 188 performance RSUs (vested) — both reported as acquisitions at $0.00.
• Tax withholding: 56 shares surrendered at $1,408.25/share = $78,862 total (priced based on the March 23, 2026 closing stock price).
• Vesting schedule note: the 275 RSUs granted March 23, 2026 vest in equal installments over three years (footnote F1).
• Performance note: the 188 vested PRSUs were earned under 2023–2025 relative TSR and average EPS performance measures tied to PRSUs granted March 21, 2023 (footnote F2).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• The 275‑unit grant is a typical restricted stock unit award (not a market purchase) and vests over time; it’s not an immediate cash outlay by the insider.
• The 188 units were performance awards that vested based on company performance; the surrender of 56 shares was a routine tax withholding to satisfy payroll/tax obligations, not an open‑market sale indicating a change in sentiment.
• This filing appears routine and timely under Form 4 reporting rules.