NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE:EME) (the “Company”) today announced that Anthony J. Guzzi, President and Chief Executive Officer, and Mark A. Pompa, Executive Vice President and Chief Financial Officer, have entered into individual stock trading plans in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
Messrs. Guzzi and Pompa informed the Company that under their trading plans they intend to sell, respectively, 273,000 shares and 101,200 shares of Company common stock that would be issued as a result of the exercise of stock options. 71,000 of Mr. Guzzi’s options expire on October 24, 2014 and the balance of his options and all of Mr. Pompa’s options expire on January 2, 2015. The purpose of the plans is to provide these executive officers with the ability to exercise their expiring options and sell the underlying Company common stock in an orderly manner and avoid concerns about the times of the transactions.
The amount that the executives may realize from the exercise of any options will be the number of options exercised multiplied by the amount by which the net selling prices of the Company’s stock on the dates the stock options are exercised exceed the exercise prices of the stock options.
EMCOR Group, Inc. is a Fortune 500® leader in mechanical and electrical construction services, energy infrastructure and facilities services. This press release and other press releases may be viewed at the Company’s Web site at www.emcorgroup.com.