Tesh Thomas D 4

What Happened

• Tesh Thomas, Chief Administrative Officer of Rollins, received a grant of 10,187 restricted shares on February 20, 2026 (recorded as an award/acquisition). No cash was paid for the award. At the same time, 2,393 shares were withheld by the company to cover tax withholding obligations; those withheld shares were recorded as a disposition at $61.35 per share (total value withheld ≈ $146,811). Net, Thomas’s position increased by 7,794 shares on the transaction date.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (filed within the 2-business-day window).
• Award: 10,187 restricted shares issued under Rollins’ 2018 Stock Incentive Plan; reported consideration $0.
• Tax withholding: 2,393 shares withheld (Disposition code F) at $61.35/share, totaling $146,811.
• Vesting: The restricted shares vest over three years beginning Feb 20, 2027 — one-third vests on that date, the remaining two-thirds vest in equal portions on each subsequent anniversary.
• Net change: +7,794 shares (10,187 granted − 2,393 withheld).
• Holdings after transaction: the filing reports combined restricted and unrestricted holdings as of the report date (specific total not provided in the summary you supplied).

Context

• This was an equity award (restricted stock) rather than an open-market purchase or sale; the withholding of shares to cover taxes is routine and should not be interpreted as an intent to sell stock for investment reasons. The grant vests over time, so the economic interest is subject to future vesting. The filing was timely under SEC rules.