WillScot (WSC) Director Jackman Worthing Receives RSU Shares

What Happened

• Jackman Worthing, a director of WillScot Holdings Corp (WSC), had 25,652 time‑based RSUs convert to common stock (vest) on September 4, 2026. To satisfy tax withholding obligations, 10,736 shares were withheld at $19.98 per share, totaling $214,505. The net shares delivered to Mr. Worthing were 25,652 − 10,736 = 14,916 shares.
• This was not an open‑market sale or purchase but the routine settlement and tax withholding related to RSU vesting. The Form 4 was filed on September 8, 2026 (within the required filing window).

Key Details

• Transaction date: 2026-09-04; Form 4 filed: 2026-09-08.
• Vesting/conversion: 25,652 RSUs converted to common stock (reported as derivative exercise/conversion, code M).
• Tax withholding: 10,736 shares withheld (code F) at $19.98/share = $214,505; these shares were retained by the issuer to cover tax obligations.
• Net shares received: 14,916 (25,652 vested − 10,736 withheld).
• Relevant footnotes: F1 (reporting person has two CIKs; going forward will use CIK 0001229832), F2 (shares withheld for tax withholding), F3 (each RSU converts to one share), F4 (original grant was 51,304 RSUs on 9/4/2025 vesting in two equal annual installments).
• Filing timeliness: Filed within the standard SEC reporting window.

Context

• This is a standard RSU vesting and tax‑withholding transaction (cashless settlement), not a market sale or purchase. Derivative entries (code M) reflect conversion of RSUs into shares; the F code indicates shares were withheld to cover taxes.
• Such withholding transactions are routine and don’t necessarily indicate insider sentiment about the company.