Chandler Elizabeth B 4
Research Summary
AI-generated summary
Rollins (ROL) CLO Elizabeth Chandler Sells 1,329 Shares
What Happened
- Elizabeth B. Chandler, Chief Legal Officer, General Counsel and Corporate Secretary of Rollins, sold 1,329 shares of ROL on 2026-01-28 at $62.83 per share, generating proceeds of $83,501. The filing reports the sale was to cover tax withholding obligations related to the vesting of restricted stock.
Key Details
- Transaction date and price: 2026-01-28, 1,329 shares at $62.83 each (total $83,501).
- Transaction type: Sale (open market or private sale) to satisfy tax withholding on vested restricted shares (see footnote).
- Shares owned after transaction: Not specified in the provided details; the filing notes total holdings include both restricted and unrestricted shares (per footnote).
- Footnotes: F1 — sale was to cover tax withholding on vested restricted stock; F2 — reported holdings combine restricted and unrestricted shares.
- Timeliness: Report filed 2026-01-30 for a 2026-01-28 transaction (filed promptly).
Context
- This was a routine sale to cover tax obligations tied to vesting, rather than a discretionary market-timed sale. Sales for tax withholding are common and do not necessarily indicate management sentiment about the company’s prospects. Purchases typically carry more weight for signaling insider confidence.