Chandler Elizabeth B 4
4 · ROLLINS INC · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Rollins (ROL) CLO Elizabeth Chandler Receives Restricted Stock Award
What Happened
Elizabeth B. Chandler, Chief Legal Officer (CLO), General Counsel and Corporate Secretary of Rollins, received a grant of 12,225 restricted shares on February 20, 2026 (issued with no cash consideration). At the same time 4,115 shares were withheld by the company to cover tax withholding obligations; those shares were reported at $61.35 each for a total withholding value of $252,455.
Key Details
- Transaction date: 2026-02-20; Form 4 filed: 2026-02-24.
- Grant: 12,225 restricted shares issued @ $0.00 (per plan).
- Tax withholding: 4,115 shares withheld @ $61.35 = $252,455 (reported as disposition for tax withholding).
- Shares owned after transaction: not specified in the excerpt of the filing provided.
- Footnotes of note:
- Vesting (F1): these restricted shares vest over three years beginning Feb 20, 2027 — one‑third on that date, remaining two‑thirds in equal portions on each subsequent anniversary.
- Issuance (F2): shares issued under the Issuer’s 2018 Stock Incentive Plan with no cash paid by the reporting person.
- Withholding (F3): the reported disposition represents shares withheld to satisfy tax withholding obligations.
- Holdings summary (F4): reported totals include restricted and unrestricted shares as of the report date.
Context
This was a compensation-related restricted stock award, not an open-market purchase or voluntary sale. The withheld shares were used solely to cover taxes associated with the award (a common administrative step) rather than indicating a market sale of remaining holdings.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-20+12,225→ 74,293 total - Tax Payment
Common Stock
[F3][F4]2026-02-20$61.35/sh−4,115$252,455→ 70,178 total
Footnotes (4)
- [F1]Represents restricted shares that will vest over a three-year period beginning on February 20, 2027, with one-third of the award vesting on that date and the remaining two-thirds vesting in equal portions on each subsequent anniversary of that date.
- [F2]Shares issued pursuant to the Issuer's 2018 Stock Incentive Plan. The Reporting Person did not provide, and the Issuer did not receive, any consideration for the issuance of these shares.
- [F3]The disposition reported on this cell represents shares withheld by the Company to cover tax withholding obligations in connection with the vesting of restricted stock.
- [F4]The amount reported in this column includes restricted shares and unrestricted shares held by the reporting person as of the date of the report.