A.J. Nahmad became the President of Watsco, Inc. on January 15, 2016, after spending years climbing through the ranks. He’s not new to this game; he joined Watsco back in 2005 and handled roles in strategy and global business development...

Number of Employees

7.43K

Year

2023

Total Compensation

$11.06M

Salary

$600.00K

Board Justification

The compensation philosophy focuses on long-term shareholder returns, with a significant portion of compensation being performance-based, primarily through restricted stock awards that cliff-vest at retirement age.

Bonus

$0.00

Board Justification

No cash bonuses were approved for our EVP or CFO in 2023.

Other

$458.34K

Board Justification

Includes 401(k) Plan matching contributions, health insurance benefits, comprehensive annual executive physical, and incremental variable operating costs incurred related to personal use of the Company aircraft.

Restricted Stock

$10.00M(23.69K Class B common stock)

Board Justification

Restricted Class B common shares with a cliff-vest date of October 15, 2029, subject to forfeiture prior to this date as set forth in the restricted stock agreement.

Performance Metrics

The performance metrics for determining compensation include earnings per share (EPS) growth and common stock price growth.

SEC Filing

From April 26, 2024

A.J. Nahmad

CEO of Watsco

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Education

B.A. from the University of Pennsylvania; M.B.A. from New York University

Field of Expertise

Business & Management

Born

January 1, 1989 - 36 years ago

Is Founder?

No

Current Tenure

8 years 11 months (Jan 2016 - Present)

Previous Experience

Vice President of Strategy & Innovation at Watsco, Inc.