David M. Dart - Dec 27, 2021 Form 4 Insider Report for TERMINIX GLOBAL HOLDINGS INC (TMX)

Role: SVP, Human Resources
Signature: /s/ Dirk R. Gardner, Attorney In Fact for David M. Dart
Stock symbol: TMX
Transactions as of: Dec 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/29/2021, 04:09 PM
Previous filing: Sep 17, 2021
Next filing: Feb 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMX	Common Stock	Options Exercise		+707	+19.93%		4.25K	Dec 27, 2021	Direct	F1
transaction	TMX	Common Stock	Options Exercise		+872	+20.5%		5.13K	Dec 27, 2021	Direct	F2
transaction	TMX	Common Stock	Options Exercise		+690	+13.46%		5.82K	Dec 27, 2021	Direct	F3
transaction	TMX	Common Stock	Award		+3.19K	+54.76%		9K	Dec 27, 2021	Direct	F4

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	TMX	Restricted Stock Units	Options Exercise		-707	-100%		0	Dec 27, 2021	Common Stock	872		Direct	F1
transaction	TMX	Restricted Stock Units	Options Exercise		-872	-50.03%		871	Dec 27, 2021	Common Stock	2.07K		Direct	F2, F3
transaction	TMX	Restricted Stock Units	Options Exercise		-690	-33.37%		1.38K	Dec 27, 2021	Common Stock	8.98K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on February 18, 2019, and vest and settle in three equal installments, subject to continued employment with the Company. As previously disclosed in the Company's Form 8-K, filed on December 14, 2021, the vesting and settlement of time-vesting restricted stock unit awards that would have otherwise vested and settled in 2022 on or before March 4, 2022, was accelerated to December 27, 2021 to mitigate possible adverse tax consequences under Sections 280G and 4999 of the Internal Revenue Code that could arise in connection with the closing of the transactions contemplated by the merger agreement with Rentokil Initial plc.
F2	Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on March 4, 2020, and vest and settle in three equal installments, subject to continued employment with the Company. As previously disclosed in the Company's Form 8-K, filed on December 14, 2021, the vesting and settlement of time-vesting restricted stock unit awards that would have otherwise vested and settled in 2022 on or before March 4, 2022, was accelerated to December 27, 2021 to mitigate possible adverse tax consequences under Sections 280G and 4999 of the Internal Revenue Code that could arise in connection with the closing of the transactions contemplated by the merger agreement with Rentokil Initial plc.
F3	Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on March 3, 2021, and vest and settle in three equal installments, subject to continued employment with the Company. As previously disclosed in the Company's Form 8-K, filed on December 14, 2021, the vesting and settlement of time-vesting restricted stock unit awards that would have otherwise vested and settled in 2022 on or before March 4, 2022, was accelerated to December 27, 2021 to mitigate possible adverse tax consequences under Sections 280G and 4999 of the Internal Revenue Code that could arise in connection with the closing of the transactions contemplated by the merger agreement with Rentokil Initial plc.
F4	Mr. Dart was granted a target award of 5,308 performance share units ("PSUs") on February 18, 2019 that had a three-year measurement period (2019-2021), with achievement to be based on cumulative adjusted earnings per share and cumulative revenue goals, with a modifier based on total shareholder return relative to companies in our peer group. This Form 4 reflects the settlement of 60% of the target award of 5,308 PSUs that would have otherwise settled in 2022 on or before February 18, 2022. These PSUs were accelerated to December 27, 2021 to mitigate possible adverse tax consequences under Sections 280G and 4999 of the Internal Revenue Code that could arise in connection with the closing of the transactions contemplated by the merger agreement with Rentokil Initial plc. The remaining percentage of the 2019 PSUs to be settled, if any, will be reported in the first quarter of 2022.