4//SEC Filing
Dart David M 4
Accession 0001104659-21-154321
CIK 0001428875other
Filed
Dec 28, 7:00 PM ET
Accepted
Dec 29, 5:09 PM ET
Size
18.7 KB
Accession
0001104659-21-154321
Insider Transaction Report
Form 4
Dart David M
SVP, Human Resources
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-12-27−872→ 871 total→ Common Stock (2,068 underlying) - Exercise/Conversion
Common Stock
2021-12-27+690→ 5,816 total - Exercise/Conversion
Common Stock
2021-12-27+872→ 5,126 total - Award
Common Stock
2021-12-27+3,185→ 9,001 total - Exercise/Conversion
Common Stock
2021-12-27+707→ 4,254 total - Exercise/Conversion
Restricted Stock Units
2021-12-27−707→ 0 total→ Common Stock (872 underlying) - Exercise/Conversion
Restricted Stock Units
2021-12-27−690→ 1,378 total→ Common Stock (8,980 underlying)
Footnotes (4)
- [F1]Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on February 18, 2019, 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.
- [F2]Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on March 4, 2020, 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.
- [F3]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.
- [F4]Mr. Dart was granted a target award of 5,308 performance share units ("PSUs") on February 18, 2019 that had a three-year measurement period (2019-2021), with achievement to be based on cumulative adjusted earnings per share and cumulative revenue goals, with a modifier based on total shareholder return relative to companies in our peer group. This Form 4 reflects the settlement of 60% of the target award of 5,308 PSUs that would have otherwise settled in 2022 on or before February 18, 2022. These PSUs were 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. The remaining percentage of the 2019 PSUs to be settled, if any, will be reported in the first quarter of 2022.
Documents
Issuer
TERMINIX GLOBAL HOLDINGS INC
CIK 0001428875
Entity typeother
Related Parties
1- filerCIK 0001757287
Filing Metadata
- Form type
- 4
- Filed
- Dec 28, 7:00 PM ET
- Accepted
- Dec 29, 5:09 PM ET
- Size
- 18.7 KB