Harkins William Wayne II 4

What Happened

• William Wayne Harkins II, Principal Accounting Officer of Rollins, received a grant of 6,112 restricted shares (transaction code A) on 2026-02-20 valued at $0 on grant. Separately, 357 shares were disposed on 2026-04-01 at $53.49 per share (transaction code F) to satisfy tax withholding obligations, generating proceeds/value of $19,096 (withheld, not an open-market sale).
• The grant is restricted stock (not an immediate cash purchase) and the withholding is routine tax-covering by the company — not a discretionary sale of shares.

Key Details

• Grant: 6,112 restricted shares on 2026-02-20 (A); grant price reported $0.
• Tax withholding: 357 shares disposed on 2026-04-01 at $53.49 = $19,096 (F) to cover tax withholding related to vesting.
• Vesting: The restricted shares vest over a three-year period beginning February 20, 2027 — one-third vests on that date, remainder in equal portions on each following anniversary (footnote).
• Shares owned after transaction: Not specified in the material provided; footnote indicates the filing reports the reporting person's restricted and unrestricted shares as of the report date.
• Filing timeliness: The filing was reported late due to an administrative error (footnotes note lateness and that it was not the reporting person’s error).

Context

• This is an award of restricted stock (A) with a standard tax-withholding disposition (F); the withheld shares were used solely to cover taxes associated with restricted stock vesting—this is routine and not a market sell signal.
• For retail investors, awards increase an insider’s stake over time as they vest, while tax-withholding dispositions are administrative and do not necessarily indicate sentiment about the company.