Soultz Bradley Lee 4
4 · WillScot Holdings Corp · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
WillScot (WSC) Director Bradley Soultz Exercises Awards, Withholds Shares
What Happened
Bradley Soultz, a director of WillScot Holdings Corp (WSC), converted performance/restricted equity awards into 23,153 common shares in February 2026. To satisfy tax withholding obligations, 7,261 of those shares were surrendered (disposed) for total withholding proceeds of about $170,080 (three withholdings at $22.81 and $23.73). Separately, on December 11, 2025, Soultz transferred 50,000 shares into the Ellen M. Soultz Irrevocable Trust for no consideration — a change in form of ownership that the filing says is exempt under Rule 16a-13 and does not change his pecuniary interest.
Key Details
- Transaction dates: conversions/exercises on 2026-02-22 and 2026-02-24; trust transfer on 2025-12-11. Form filed 2026-02-26.
- Shares converted/acquired: 6,933; 6,651; and 9,569 — total 23,153 shares.
- Shares withheld/disposed for taxes: 2,416 @ $22.81 (≈ $55,109); 1,965 @ $23.73 (≈ $46,629); 2,880 @ $23.73 (≈ $68,342) — total withheld 7,261 shares (~$170,080).
- Net shares received after withholding: 15,892 shares.
- Footnotes: F1 clarifies the 50,000-share transfer to an irrevocable trust is exempt and did not change economic interest; F2–F5 describe RSU/PSU award mechanics and prior PSU grants that underlie these conversions.
- Filing timeliness: Form 4 was filed 2026-02-26. The Dec. 11, 2025 trust transfer is reported as exempt under Rule 16a-13; the February conversions were reported promptly on the Feb. 26 filing.
Context
- These were award conversions (PSU/RSU vesting and conversion), not open-market sales or purchases. The withheld shares were used to satisfy tax liabilities (a common, non-cashless method to cover withholding).
- Transfers to a family irrevocable trust are generally administrative and, per the footnote, did not alter Soultz’s economic interest — such transfers are not typically interpreted as a market signal.
- No indication here of an open-market purchase or large sale by the director; this filing mainly documents equity award vesting and routine tax withholding.
Insider Transaction Report
Form 4
Soultz Bradley Lee
Director
Transactions
- Other
Common Stock
[F1]2025-12-11−50,000→ 78,304 total - Other
Common Stock
[F1]2025-12-11+50,000→ 244,225 total(indirect: By Trust) - Exercise/Conversion
Common Stock
[F2]2026-02-24+6,933→ 309,482 total - Tax Payment
Common Stock
2026-02-24$22.81/sh−2,416$55,109→ 307,066 total - Exercise/Conversion
Common Stock
[F2]2026-02-24+6,651→ 313,717 total - Tax Payment
Common Stock
2026-02-24$23.73/sh−1,965$46,629→ 311,752 total - Exercise/Conversion
Common Stock
[F2]2026-02-24+9,569→ 321,321 total - Tax Payment
Common Stock
2026-02-24$23.73/sh−2,880$68,342→ 318,441 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-02-22−6,933→ 48,873 total→ Common Stock (6,933 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-02-24−6,651→ 42,222 total→ Common Stock (6,651 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-02-24−9,569→ 32,653 total→ Common Stock (9,569 underlying)
Holdings
- 418,376(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]The Reporting Person transferred 50,000 shares of common stock to the Ellen M. Soultz Irrevocable Trust, for no consideration. This transfer reflects only a change in the form of beneficial ownership of the reporting person without changing the reporting person's pecuniary interest in such shares, and the transfer is exempt from reporting under Rule 16a-13 under the Securities and Exchange Act of 1934, as amended.
- [F2]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.
- [F3]On February 22, 2024, the Reporting Person was granted a target number of 64,708 PSUs which vest based on the achievement of the relative total stockholder return ("TSR") of the Issuer's common stock as compared to the TSR of the constituents of the S&P 400 Index at the grant date over the performance of three years subject to the terms and conditions of the previously disclosed WillScot Mobile Mini Holdings Corp. 2020 Incentive Award Plan (the "Plan") and the Performance-Based Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.
- [F4]On February 24, 2023, the Reporting Person was granted 62,081 PSUs which vest based on the achievement of the relative total stockholder return ("TSR") of the Issuer's common stock as compared to the TSR of the constituents of the S&P 400 Index at the grant date over the performance of three years subject to the terms and conditions of the previously disclosed WillScot Mobile Mini Holdings Corp. 2020 Incentive Award Plan (the "Plan") and the Performance-Based Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.
- [F5]On February 24, 2025, the Reporting Person was granted a target number of 89,311 PSUs which vest based on the achievement of the relative total stockholder return ("TSR") of the Issuer's common stock as compared to the TSR of the constituents of the S&P 400 Index at the grant date over the performance of three years subject to the terms and conditions of the previously disclosed Plan and the Performance-Based Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.
Signature
Peter D. Fetzer as Attorney-in-Fact|2026-02-26