Boswell Timothy D 4

What Happened

• Timothy D. Boswell — President & CEO and Director of WillScot Holdings (WSC) — had 233,334 performance-based restricted stock units (RSUs) convert into common shares on July 1, 2026.
• To cover tax liabilities from the vesting, 97,651 shares were surrendered/withheld at $27.36 per share, generating $2,671,731. The filing also shows the conversion/settlement of the 233,334 RSUs into shares (derivative conversion entries).

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026. (July 3, 2026 was observed holiday; filing appears timely.)
• RSUs vested/converted: 233,334 shares.
• Shares withheld for taxes: 97,651 shares at $27.36 = $2,671,731.
• Shares owned after transaction: not specified in this Form 4.
• Relevant footnotes:
  • F1–F3: These were performance-based RSUs granted under a 2021 agreement; actual payout depends on multi-year share-price targets ($42.50–$60.00) measured over specified 60-day periods. The cumulative number earned vested and became unrestricted on July 1, 2026.
  • F4–F6: The filing also describes prior option grants (2018, 2025, 2026) and their vesting schedules, but those options were not exercised in this reported transaction.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares surrendered/withheld to pay tax liability.

Context

• This was a routine vesting of performance RSUs and a standard tax-withholding event, not an open‑market sale. The withholding reduces the net number of new shares received by the CEO but does not indicate a discretionary sale for cash proceeds beyond tax obligations.