Timothy D. Boswell - Sep 7, 2021 Form 4 Insider Report for WillScot Mobile Mini Holdings Corp. (WSC)

Signature
/s/ Christopher J. Miner as Attorney-in-Fact
Stock symbol
WSC
Transactions as of
Sep 7, 2021
Transactions value $
$0
Form type
4
Date filed
9/9/2021, 05:34 PM
Previous filing
Jul 7, 2021
Next filing
Mar 3, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WSC Restricted Stock Units Award $0 +243K +256.88% $0.00 338K Sep 7, 2021 Common Stock 243K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive upon vesting one share of common stock of WillScot Mobile Mini Holdings Corp. (the "Issuer") or its cash equivalent.
F2 Timothy Boswell (the "Reporting Person") was granted a target number of 243,158 Restricted Stock Units pursuant to the Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of September 7, 2021 (the "Performance-Based RSU Agreement"). The actual number of Restricted Stock Units that shall vest and become unrestricted may range from 0 to 583,334 Restricted Stock Units based on criteria described in footnote 3 to this Form 4.
F3 Pursuant to the Performance-Based RSU Agreement, the target number of Restricted Stock Units reported here vest upon the Issuer's common stock achieving certain 60-day average closing prices, measured as of the 60 consecutive trading days immediately following the date on which third quarter results for each of 2022, 2023, 2024 and 2025 are filed (the "Measurement Periods"). The actual number of Restricted Stock Units that shall be granted is cumulative and may vary according to achievement of agreed upon Share Price targets ranging from $42.50 to $60.00 during each annual Measurement Period, pursuant to the Performance-Based RSU Agreement. The cumulative number of Restricted Stock Units earned vest and become unrestricted on July 1, 2026 or upon the occurence of certain other events as provided in the Performance Based RSU Agreement.