Rollins (ROL) CEO granted 74,980 restricted shares and withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ROLLINS INC President & CEO Jerry Gahlhoff Jr. reported equity compensation and related tax withholding transactions in company common stock. He received a grant of 74,980 restricted shares at $0.00 per share, which will vest over three years starting on February 20, 2027. One-third of this award vests on that date, with the remaining two-thirds vesting in equal portions on each of the next two anniversaries. The filing also shows a disposition of 27,846 shares at $61.35 per share, representing shares withheld by the company to cover tax withholding obligations upon the vesting of restricted stock. After these transactions, Gahlhoff directly holds 396,676 shares, and indirectly holds 1,618 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gahlhoff Jerry Jr.
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 74,980 | $0.00 | -- |
| Tax Withholding | Common Stock | 27,846 | $61.35 | $1.71M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 424,522 shares (Direct);
Common Stock — 1,618 shares (Indirect, By: 401(k) Plan)
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 insider transactions did ROLLINS INC (ROL) report for CEO Jerry Gahlhoff Jr.?
The filing reports a grant of 74,980 restricted common shares and a disposition of 27,846 shares for tax withholding. Both transactions are equity-compensation related rather than open-market trades, reflecting routine stock-based compensation and associated tax obligations.
What stock plan was used for Jerry Gahlhoff Jr.’s new ROLLINS INC (ROL) award?
The new restricted shares were issued under Rollins’ 2018 Stock Incentive Plan. The filing notes that the reporting person did not provide consideration for these shares and the company did not receive consideration, consistent with typical equity incentive grants.