Form 4: WillScot Holdings Corp: Director Jackman Worthing Acquires 4,014 Shares of Common Stock

Director Jackman Worthing acquired 4,014 shares of WillScot Holdings Corp common stock as part of the company's annual compensation program for non-executive directors.

Summary

• On October 22, 2024, Jackman Worthing, a director of WillScot Holdings Corp, acquired 4,014 shares of common stock.
• The acquisition was part of the company's annual compensation program for non-executive directors.
• The shares were granted as restricted stock under the WillScot Mobile Mini Holdings Corp. 2020 Incentive Award Plan.
• The restrictions on these shares lapse in full one year from the grant date, subject to the terms and conditions of the plan and award agreement.
• Mr. Jackman's annual compensation has been pro-rated for his service during the remainder of the 2024/2025 annual term.
• Mr. Jackman has reported under two CIK Numbers and will make all filings using CIK Number going forward.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively as it aligns interests. The sentiment is slightly positive due to the alignment of interests.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service by the director.

Industry Context

Director compensation is a common practice in publicly traded companies to attract and retain qualified individuals. The use of restricted stock aligns director interests with shareholder value.

Comparison to Industry Standards

• Granting restricted stock to non-executive directors is a common practice among publicly traded companies to align their interests with those of shareholders.
• The amount of stock granted and the vesting schedule are generally determined based on industry benchmarks and the company's specific compensation policies.
• Companies like United Rentals (URI) and Ashtead Group (AHT.L) also utilize stock-based compensation for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's performance.

Key Dates