Watsco Management
Management criteria checks 3/4
Watsco's CEO is Albert Nahmad, appointed in Dec 1972, has a tenure of 51.92 years. total yearly compensation is $11.06M, comprised of 5.4% salary and 94.6% bonuses, including company stock and options. directly owns 11.19% of the company’s shares, worth $2.29B. The average tenure of the management team and the board of directors is 20 years and 2.7 years respectively.
Key information
Albert Nahmad
Chief executive officer
US$11.1m
Total compensation
| CEO salary percentage | 5.4% |
| CEO tenure | 51.9yrs |
| CEO ownership | 11.2% |
| Management average tenure | 20yrs |
| Board average tenure | 2.7yrs |
Recent management updates
Recent updates
Watsco: Plumbing May Be Its Next Big Growth Opportunity (Rating Upgrade)
Apr 26Watsco: Good Growth Prospects But Priced In
Sep 06Watsco: Good Growth Prospects Despite Challenging Macros
Feb 22Watsco, Inc. goes ex dividend tomorrow
Jan 12Watsco Can See A Meaningful Outperformance In 2023
Dec 10Watsco: Recent Correction Presents A Good Buying Opportunity
May 26LRT Capital - Watsco Inc.: A Long Growth Runway
May 06Watsco: A Great Company At A Lofty Price
Apr 26I Am Buying The Dip Of Watsco Because Of Its Buy And Build Strategy And Innovation Efforts
Feb 01Watsco Sees Return On Its Technology-Pioneering Efforts
Dec 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$486m |
| Jun 30 2024 | n/a | n/a | US$485m |
| Mar 31 2024 | n/a | n/a | US$477m |
| Dec 31 2023 | US$11m | US$600k | US$499m |
| Sep 30 2023 | n/a | n/a | US$551m |
| Jun 30 2023 | n/a | n/a | US$535m |
| Mar 31 2023 | n/a | n/a | US$549m |
| Dec 31 2022 | US$11m | US$600k | US$550m |
| Sep 30 2022 | n/a | n/a | US$493m |
| Jun 30 2022 | n/a | n/a | US$478m |
| Mar 31 2022 | n/a | n/a | US$434m |
| Dec 31 2021 | US$11m | US$300k | US$382m |
| Sep 30 2021 | n/a | n/a | US$352m |
| Jun 30 2021 | n/a | n/a | US$321m |
| Mar 31 2021 | n/a | n/a | US$270m |
| Dec 31 2020 | US$11m | US$375k | US$246m |
| Sep 30 2020 | n/a | n/a | US$239m |
| Jun 30 2020 | n/a | n/a | US$218m |
| Mar 31 2020 | n/a | n/a | US$220m |
| Dec 31 2019 | US$11m | US$580k | US$226m |
| Sep 30 2019 | n/a | n/a | US$228m |
| Jun 30 2019 | n/a | n/a | US$224m |
| Mar 31 2019 | n/a | n/a | US$224m |
| Dec 31 2018 | US$7m | US$658k | US$223m |
| Sep 30 2018 | n/a | n/a | US$226m |
| Jun 30 2018 | n/a | n/a | US$213m |
| Mar 31 2018 | n/a | n/a | US$199m |
| Dec 31 2017 | US$8m | US$725k | US$191m |
Compensation vs Market: Albert's total compensation ($USD11.06M) is about average for companies of similar size in the US market ($USD12.73M).
Compensation vs Earnings: Albert's compensation has been consistent with company performance over the past year.
CEO
Albert Nahmad (83 yo)
51.9yrs
Tenure
US$11,058,336
Compensation
Mr. Albert H. Nahmad has been the Chief Executive Officer of Watsco, Inc. since December 1972. Mr. Nahmad is a General Partner of Alna Capital Associates. Mr. Nahmad served as President of Watsco, Inc. fro...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 51.9yrs | US$11.06m | 11.19% $ 2.3b | |
| Co-Vice Chairman & President | 13yrs | US$13.11m | 0.91% $ 185.7m | |
| CFO & Treasurer | 26.8yrs | US$358.25k | 0.31% $ 62.8m | |
| Executive VP of Planning & Strategy | 27.8yrs | US$449.52k | 0.60% $ 123.9m | |
| Chief Technology Officer | 13.3yrs | no data | no data | |
| Executive Vice President | 10.7yrs | US$872.05k | no data |
20.0yrs
Average Tenure
61yo
Average Age
Experienced Management: WSO.B's management team is seasoned and experienced (20 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 51.9yrs | US$11.06m | 11.19% $ 2.3b | |
| Co-Vice Chairman & President | 13yrs | US$13.11m | 0.91% $ 185.7m | |
| Executive VP of Planning & Strategy | less than a year | US$449.52k | 0.60% $ 123.9m | |
| Independent Co-Vice Chairman of the Board | 7.4yrs | no data | 0.0066% $ 1.4m | |
| Member of Advisory Board | 2.8yrs | US$4.00k | no data | |
| Member of Advisory Board | 1.4yrs | no data | no data | |
| Member of the Advisory Board | 2yrs | no data | no data | |
| Member of Advisory Board | 2.6yrs | no data | no data | |
| Independent Director | 17.8yrs | US$50.00k | 0.051% $ 10.5m | |
| Member of Advisory Board | less than a year | no data | 0.0053% $ 1.1m | |
| Member of Advisory Board | less than a year | no data | no data | |
| Lead Independent Director | 5.9yrs | US$166.59k | 0.015% $ 3.1m |
2.7yrs
Average Tenure
67yo
Average Age
Experienced Board: WSO.B's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.