Form 4: WillScot Mobile Mini Holdings Corp.: Executive Sally Shanks Reports Stock Transactions
SEC Form 4
Sally Shanks, Chief Accounting Officer of WillScot Mobile Mini Holdings Corp., reports transactions involving common stock, restricted stock units (RSUs), and performance stock units (PSUs).
Summary
- On March 1, 2024, Sally Shanks, Chief Accounting Officer of WillScot Mobile Mini Holdings Corp., reported transactions involving the company's stock.
- These transactions included the vesting of 616 Restricted Stock Units (RSUs) and the subsequent withholding of 278 shares to cover tax obligations at a price of $48.06 per share.
- On March 3, 2024, Shanks also reported the vesting of 919 RSUs and 22,058 Performance Stock Units (PSUs).
- A total of 415 shares were withheld for taxes related to the RSUs and 9,949 shares were withheld for taxes related to the PSUs, both at a price of $48.06 per share.
- Following these transactions, Shanks directly owns 38,513 shares of common stock, 9,502 RSUs, and 31,321 PSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment. It's a neutral disclosure.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options, restricted stock units, and performance-based units to align management's interests with those of shareholders.
- The vesting schedules and performance metrics associated with these equity grants are typically detailed in the company's proxy statements and compensation disclosures.
- Companies like United Rentals (URI) and Ashtead Group (AHT.L), which operate in similar industries, also utilize equity-based compensation for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the vesting of previously granted equity compensation to a key executive.
- Employees may be interested in the executive's stock transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Reporting Person was granted 2,463 RSUs which vest annually in four equal installments. |
| 03/03/2021 | Reporting Person was granted 3,676 RSUs which vest annually in four equal installments and 11,029 PSUs which vest based on TSR. |
| 03/01/2024 | Vesting of 616 Restricted Stock Units (RSUs); 278 shares withheld for taxes at $48.06. |
| 03/03/2024 | Vesting of 919 RSUs and 22,058 Performance Stock Units (PSUs); 415 and 9,949 shares withheld for taxes at $48.06, respectively. |
| 03/05/2024 | Date of signature for the report. |
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