WillScot (WSC) CEO logs new RSU, PSU awards and tax share offsets
Rhea-AI Filing Summary
WillScot Holdings Corp President & CEO Timothy D. Boswell reported several equity transactions on February 24, 2026. He received 35,952 Restricted Stock Units (RSUs) that vest in three equal annual installments and a target of 83,888 Performance Stock Units (PSUs) that vest based on company performance metrics.
On the same date, previously granted RSUs were converted into common stock through exercises of 2,660 and 4,678 RSUs at no cash exercise price. To satisfy tax obligations from these vestings, he disposed of 1,131 and 2,206 shares of common stock at $23.73 per share via tax-withholding transactions rather than open-market sales. Some additional common shares are reported as held indirectly through the EAB Irrevocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,001 shares
Net Buy
10 txns
Insider
Boswell Timothy D
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,660 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,678 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 35,952 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 83,888 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,660 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,131 | $23.73 | $27K |
| Exercise | Common Stock | 4,678 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,206 | $23.73 | $52K |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 61,995 shares (Direct);
Performance Stock Units — 396,592 shares (Direct);
Common Stock — 15,466 shares (Direct);
Stock Options (right to buy) — 125,691 shares (Direct);
Common Stock — 295,862 shares (Indirect, By EAB Irrevocable Trust)
Footnotes (8)
- F1. 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.
- F2. Reflects the transfer of shares to the trust in a transaction exempt from Section 16 pursuant to Rule 16a-13.?
- F3. On February 24, 2023, the Reporting Person was granted 10,642 RSUs which vest in four equal installments on each of the first four anniversaries of the grant date subject to the terms and conditions of the previously disclosed Plan and the Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.
- F4. On February 24, 2025, the Reporting Person was granted 18,713 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 Plan and the Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.
- F5. On February 24, 2026, the Reporting Person was granted 35,952 RSUs which vest annually in three equal installments on each of the first three anniversaries of the grant date subject to the terms and conditions of the Plan and the Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.
- F6. Each performance-based restricted stock unit ("PSU") 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.
- F7. On February 24, 2026, the Reporting Person was granted a target number of 83,888 PSUs which vest based on the achievement of certain company specific performance metrics.
- F8. 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.
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FAQ
What equity awards did WillScot (WSC) CEO Timothy Boswell receive?
Timothy Boswell received 35,952 Restricted Stock Units (RSUs) and a target of 83,888 Performance Stock Units (PSUs). The RSUs vest in three equal annual installments, while the PSUs vest based on specific company performance metrics described in the applicable award agreements.
What are the vesting terms of the new WillScot (WSC) RSU grant?
The 35,952 RSUs granted on February 24, 2026 vest annually in three equal installments. Each installment generally delivers one share of WillScot common stock (or its cash equivalent) per vested unit, subject to the terms of the company’s equity plan and award agreement.
How do the new WillScot (WSC) PSUs for the CEO vest?
The 83,888 Performance Stock Units vest based on achievement of specified company performance metrics. Each PSU represents a contingent right to receive one share of common stock, or its cash equivalent, if those performance goals set out in the performance award are met over the applicable period.