Ponton Brett 4
4 · TERMINIX GLOBAL HOLDINGS INC · Filed Dec 29, 2021
Insider Transaction Report
Form 4
Ponton Brett
CEO
Transactions
- Exercise/Conversion
Common Stock
2021-12-27+4,597→ 11,620 total - Exercise/Conversion
Restricted Stock Units
2021-12-27−4,597→ 9,193 total→ Common Stock (4,597 underlying)
Footnotes (1)
- [F1]Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on March 3, 2021 and vest and settle in three equal installments, subject to continued employment with the Company. As previously disclosed in the Company's Form 8-K, filed on December 14, 2021, the vesting and settlement of time-vesting restricted stock unit awards that would have otherwise vested and settled in 2022 on or before March 4, 2022, was accelerated to December 27, 2021 to mitigate possible adverse tax consequences under Sections 280G and 4999 of the Internal Revenue Code that could arise in connection with the closing of the transactions contemplated by the merger agreement with Rentokil Initial plc.