David M. Dart - Feb 21, 2022 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: Feb 21, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/23/2022, 05:16 PM
Previous filing: Dec 29, 2021
Next filing: Feb 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMX	Common Stock	Award		+106	+1.18%		9.11K	Feb 21, 2022	Direct	F1

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	Award		-5.76K	-50%		5.76K	Feb 21, 2022	Common Stock	5.76K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	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. On December 27, 2021, 3,185 PSUs were accelerated 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. This Form 4 reflects the settlement of an additional 2% of the target award of 5,308 PSUs that settled on February 21, 2022.
F2	Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on February 21, 2022 and vest and settle in three equal installments on the first three anniversaries of the grant date, subject to continued employment with the Company.

Content

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. On December 27, 2021, 3,185 PSUs were accelerated 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. This Form 4 reflects the settlement of an additional 2% of the target award of 5,308 PSUs that settled on February 21, 2022.

Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on February 21, 2022 and vest and settle in three equal installments on the first three anniversaries of the grant date, subject to continued employment with the Company.