Jacobsen Matthew T 4
4 · WillScot Holdings Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
WillScot (WSC) CFO Matthew Jacobsen Converts RSUs, Surrenders 403 Shares
What Happened Matthew T. Jacobsen, Chief Financial Officer of WillScot Holdings Corp (WSC), had 862 time‑based RSUs convert into common stock on March 1, 2026. To satisfy tax withholding, 403 of those shares were surrendered at $21.61 per share for a withholding amount of $8,709. Net shares delivered to him after withholding were 459 (862 converted − 403 withheld). The 403‑share transfer was a tax withholding disposition, not an open‑market sale.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (filed within two business days).
- Conversion: 862 RSUs converted to 862 shares (derivative conversion; reported as code M).
- Tax withholding: 403 shares surrendered at $21.61/share for $8,709 (reported under code F).
- Net shares retained after withholding: 459 shares (calculated from filing data).
- Footnotes: F1 explains each RSU vests into one share or cash equivalent; F2 notes the RSUs were granted on 2/29/2024, 3/6/2023, 3/2/2022, and 3/4/2021 and vest in four equal annual installments.
- Shares owned after the transaction: not specified in the filing.
Context This filing documents RSU vesting and routine tax withholding (a common, non‑directional insider event). The filing shows conversion of RSU derivatives (zero proceeds for the derivative disposal) and surrender of shares solely to cover tax obligations rather than a discretionary sale. No 10b5‑1 plan or late filing was indicated in the report.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+862→ 58,198 total - Tax Payment
Common Stock
2026-03-01$21.61/sh−403$8,709→ 57,795 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-01−862→ 26,758 total→ Common Stock (862 underlying)
Footnotes (2)
- [F1]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.
- [F2]The Reporting Person was granted time-based restricted stock units ("RSUs") pursuant to a Restricted Stock Unit Agreement under the Issuer's 2020 Incentive Award Plan (the "RSU Agreement") on February 29, 2024, March 6, 2023, March 2, 2022, and March 4, 2021. The RSUs vest in four equal installments on each of the first four anniversaries of the relevant grant date, subject to the terms and conditions of the RSU Agreement.