Jacobsen Matthew T 4
Research Summary
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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.