Form 4: WillScot Holdings Director Worthing Jackman Receives Annual Restricted Stock Grant

WillScot Holdings Corp. Director Worthing Jackman was granted 6,640 shares of common stock as part of the company's annual non-executive director compensation program.

Summary

• Worthing Jackman, a Director of WillScot Holdings Corp. (WSC), acquired 6,640 shares of common stock on June 6, 2025.
• The acquisition was a grant of restricted stock, with a reported price of $0 per share.
• These shares are part of the Issuer's annual compensation program for non-executive directors.
• The restrictions on these shares are set to lapse in full one year from the grant date, subject to the terms and conditions of the WillScot Mobile Mini Holdings Corp. 2020 Incentive Award Plan and a Restricted Stock Award Agreement.
• Following this transaction, Mr. Jackman beneficially owns a total of 10,654 shares of common stock directly.
• The filing also notes that Mr. Jackman will consolidate all future filings under a single CIK Number.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine compensation event that aligns director interests with shareholders, which is generally viewed favorably, but it doesn't indicate any new operational or financial performance.

Positives

• The grant of restricted stock to a director aligns the director's interests with those of the shareholders, as the value of their compensation is tied to the company's stock performance.
• This transaction represents a standard component of non-executive director compensation, indicating a structured and transparent approach to rewarding board members.

Future Outlook

The restricted stock granted to Director Worthing Jackman is subject to a one-year vesting period, with restrictions lapsing in full one year from the grant date of June 6, 2025.

Management Comments

• The shares comprise part of the Issuer's annual compensation program for non-executive directors, granted pursuant to the WillScot Mobile Mini Holdings Corp. 2020 Incentive Award Plan and a Restricted Stock Award Agreement.

Industry Context

The granting of restricted stock to non-executive directors is a common practice across various industries, including the industrial equipment and services sector where WillScot Holdings operates. This method of compensation is widely used to attract and retain qualified board members while aligning their financial incentives with long-term shareholder value creation.

Comparison to Industry Standards

• The practice of compensating non-executive directors with equity, such as restricted stock, is a global benchmark for corporate governance, aligning director interests with shareholder returns.
• Many companies, including peers in the industrial rental and modular space, utilize similar equity-based compensation plans for their board members to foster long-term commitment and performance.

Corporate Governance

Related Party Transactions

• The grant of 6,640 shares of restricted common stock to Director Worthing Jackman by WillScot Holdings Corp. constitutes a related party transaction, as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's financial interests with shareholder value, potentially encouraging decisions that benefit long-term stock performance.
• Employees: No direct impact on employees is indicated by this specific filing.

Next Steps

• The restricted stock granted to Mr. Jackman will vest in full one year from the grant date of June 6, 2025.

Key Dates

Keywords

WillScot Holdings Corp, WSC, Form 4, Insider Transaction, Restricted Stock Grant, Director Compensation, Equity Compensation, Worthing Jackman