Brett Ponton - 27 Dec 2021 Form 4 Insider Report for TERMINIX GLOBAL HOLDINGS INC (TMX)

Role: CEO
Signature: /s/ Drick R. Gardner, attorney in fact for Brett Ponton
Issuer symbol: TMX
Transactions as of: 27 Dec 2021
Transactions value $: $0
Form type: 4
Filing time: 29 Dec 2021, 16:07:10 UTC
Previous filing: 17 Sep 2021
Next filing: 23 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMX	Common Stock	Options Exercise		+4,597	+65.5%		11,620	27 Dec 2021	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	Options Exercise		-4,597	-33.3%		9,193	27 Dec 2021	Common Stock	4,597		Direct	F1

* 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 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.

Content

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.