Watsco Management
Management criteria checks 4/4
Watsco's CEO is Albert Nahmad, appointed in Dec 1972, has a tenure of 51.33 years. total yearly compensation is $11.09M, comprised of 5.4% salary and 94.6% bonuses, including company stock and options. directly owns 11.46% of the company’s shares, worth $1.87B. The average tenure of the management team and the board of directors is 19.5 years and 3.5 years respectively.
Key information
Albert Nahmad
Chief executive officer
US$11.1m
Total compensation
| CEO salary percentage | 5.4% |
| CEO tenure | 51.3yrs |
| CEO ownership | 11.5% |
| Management average tenure | 19.5yrs |
| Board average tenure | 3.5yrs |
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 |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$476m |
| Dec 31 2023 | n/a | n/a | 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$191m |
Compensation vs Market: Albert's total compensation ($USD11.09M) is about average for companies of similar size in the US market ($USD13.52M).
Compensation vs Earnings: Albert's compensation has been consistent with company performance over the past year.
CEO
Albert Nahmad (82 yo)
51.3yrs
Tenure
US$11,093,941
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 | 51.3yrs | US$11.09m | 11.46% $ 1.9b | |
| Co-Vice Chairman & President | 12.4yrs | US$10.81m | 0.92% $ 150.5m | |
| CFO & Treasurer | 26.3yrs | US$357.63k | 0.31% $ 51.2m | |
| Executive VP of Planning & Strategy | 27.3yrs | US$442.63k | 0.62% $ 101.2m | |
| Chief Technology Officer | 12.7yrs | no data | no data | |
| Executive Vice President | 10.1yrs | US$872.05k | no data |
19.5yrs
Average Tenure
60yo
Average Age
Experienced Management: WSO.B's management team is seasoned and experienced (19.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 51.3yrs | US$11.09m | 11.46% $ 1.9b | |
| Co-Vice Chairman & President | 12.4yrs | US$10.81m | 0.92% $ 150.5m | |
| Executive VP of Planning & Strategy | less than a year | US$442.63k | 0.62% $ 101.2m | |
| Independent Co-Vice Chairman of the Board | 6.8yrs | no data | no data | |
| Member of Advisory Board | 2.2yrs | US$4.00k | no data | |
| Member of Advisory Board | less than a year | US$1.83k | 0.11% $ 17.4m | |
| Member of the Advisory Board | 1.4yrs | no data | no data | |
| Member of Advisory Board | 2yrs | no data | no data | |
| Independent Director | 17.3yrs | US$50.00k | 0.037% $ 6.1m | |
| Member of Advisory Board | less than a year | US$223.81k | 0.0073% $ 1.2m | |
| Lead Independent Director | 5.3yrs | US$231.98k | 0.011% $ 1.8m | |
| Member of Advisory Board | 4.8yrs | no data | no data |
3.5yrs
Average Tenure
68yo
Average Age
Experienced Board: WSO.B's board of directors are considered experienced (3.5 years average tenure).