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.