WillScot Holdings (WSC) COO logs RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WillScot Holdings Corp President & COO Timothy D. Boswell reported equity award activity. He exercised 2,773 restricted stock units into 2,773 shares of common stock at a stated price of $0.00 per share. To cover related tax obligations, 1,308 common shares were disposed of at $22.81 per share through share withholding rather than an open-market sale.
After these transactions, he directly owned 35,621 shares of common stock and 29,048 restricted stock units. He also held 125,691 stock options, which had vested in equal installments over four years under the company’s incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,773 shares exercised/converted
Mixed
4 txns
Insider
Boswell Timothy D
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,773 | $0.00 | -- |
| Exercise | Common Stock | 2,773 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,308 | $22.81 | $30K |
| holding | Stock Options (right to buy) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 29,048 shares (Direct);
Common Stock — 36,929 shares (Direct);
Stock Options (right to buy) — 125,691 shares (Direct)
Footnotes (1)
- Each time-based restricted stock unit ("RSU") represents a contingent right to receive upon vesting one share of common stock of the Issuer, par value $0.0001 per share, or its cash equivalent. On February 22, 2024, the Reporting Person was granted 11,093 RSUs which vest annually in four equal installments on each of the first four anniversaries of the grant date subject to the terms and conditions of the WillScot Mobile Mini Holdings Corp. 2020 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. The stock options (the "Options"), reported on this Form 4, represent the right upon vesting to buy shares of Class A Common Stock pursuant to the terms and conditions of the Plan and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of March 20, 2018 (the "Award Agreement"). The Options vested in equal installments on each of the first four anniversaries of the grant date subject to the terms and conditions of the Plan and Award Agreement.
FAQ
What insider transactions did WSC President & COO Timothy Boswell report?
Timothy Boswell reported exercising 2,773 restricted stock units into 2,773 common shares and disposing of 1,308 common shares to cover taxes. These equity movements are tied to awards under WillScot’s incentive plans and reflect compensation-related activity, not open-market buying or selling.
What restricted stock unit activity did WillScot (WSC) disclose for Timothy Boswell?
The filing reports 2,773 restricted stock units converting into common stock. These RSUs are part of an 11,093-unit grant from February 22, 2024 that vests in four equal annual installments under WillScot’s 2020 Incentive Award Plan and an associated award agreement.
What stock option holdings does Timothy Boswell have at WillScot (WSC)?
Boswell held 125,691 stock options after the reported date. These options were granted under the company’s 2020 incentive plan and a 2018 award agreement, vesting in equal installments over four years. They represent the right to buy Class A common stock upon exercise.
Does this WillScot (WSC) Form 4 indicate a change in insider sentiment?
The Form 4 primarily reflects routine equity award vesting and tax withholding, not discretionary market trades. RSU conversion and share withholding for taxes are standard elements of executive compensation programs and do not, by themselves, clearly signal a shift in insider sentiment.