Form 4: WillScot Holdings Corp: CEO Bradley Lee Soultz Reports Stock Transactions

Sentiment:

SEC Form 4 Filing


CEO Bradley Lee Soultz reports transactions involving WillScot Holdings Corp stock, including the vesting of restricted stock units and performance stock units.

Summary

  • On March 3, 2025, Bradley Lee Soultz, CEO of WillScot Holdings Corp, reported transactions involving the company's stock.
  • These transactions included the vesting of 12,868 restricted stock units (RSUs) and the forfeiture of 5,386 shares to cover taxes.
  • Following these transactions, Soultz directly owns 128,817 shares of common stock.
  • Soultz also indirectly owns 406,376 shares through the Bradley L. Soultz Irrevocable Trust and 179,225 shares through the Ellen M. Soultz Irrevocable Trust.
  • He also holds derivative securities, including 84,435 RSUs, 528,732 performance stock units (PSUs), and options to purchase 408,497 shares.
  • The RSUs vest annually in four equal installments from the grant date of March 3, 2021.
  • The PSUs vest based on the company's total stockholder return (TSR) compared to the S&P Mid Cap 400 Index.
  • The stock options vested in equal installments on each of the first four anniversaries of the grant date of March 20, 2018.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and stock ownership, and doesn't inherently indicate positive or negative sentiment. It's a neutral event in terms of investment sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for executives to receive and manage equity compensation as part of their overall remuneration.

Stakeholder Impact

  • The transactions reported may have a minor impact on shareholders due to the change in the CEO's holdings.
  • The vesting of RSUs and PSUs is part of the executive compensation plan, which is relevant to employees.

Key Dates

DateDescription
03/20/2018Grant date of Nonqualified Stock Option Award Agreement
03/03/2021Grant date of 51,471 RSUs which vest annually in four equal installments
09/07/2021Date of the Performance-Based Restrictive Stock Unit Agreement
03/03/2025Date of reported transactions: vesting of RSUs and disposal of shares for taxes
03/05/2025Date of signature on the Form 4 filing

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