Rollins (ROL) CAO granted 10,187 restricted shares; 2,393 withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rollins Inc. Chief Administrative Officer Thomas D. Tesh received a grant of 10,187 shares of common stock at no cost under the company’s 2018 Stock Incentive Plan. These are restricted shares that will vest over three years starting on February 20, 2027, with one-third vesting then and the rest on each anniversary.
On the same date, 2,393 shares were disposed of at $61.35 per share to cover tax withholding obligations tied to restricted stock vesting, rather than an open-market sale. After these transactions, Tesh directly held 35,102 shares, and indirectly held 5,276 shares through a 401(k) account, including both restricted and unrestricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Tesh Thomas D
Role
Chief Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,187 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,393 | $61.35 | $147K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,495 shares (Direct);
Common Stock — 5,276 shares (Indirect, By: 401(k))
Footnotes (1)
- Represents restricted shares that will vest over a three-year period beginning on February 20, 2027, with one-third of the award vesting on that date and the remaining two-thirds vesting in equal portions on each subsequent anniversary of that date. Shares issued pursuant to the Issuer's 2018 Stock Incentive Plan. The Reporting Person did not provide, and the Issuer did not receive, any consideration for the issuance of these shares. The disposition reported on this cell represents shares withheld by the Company to cover tax withholding obligations in connection with the vesting of restricted stock. The amount reported in this column includes restricted shares and unrestricted shares held by the reporting person as of the date of the report.
FAQ
What did Rollins (ROL) Chief Administrative Officer Thomas Tesh report in this Form 4?
Thomas D. Tesh reported receiving 10,187 restricted Rollins common shares and a disposition of 2,393 shares for tax withholding. The transactions were made under the 2018 Stock Incentive Plan and relate to equity compensation, not open-market buying or selling.