v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Awards
The following table summarizes the Company's RSA activity for the six months ended June 30, 2026 and 2025:
Six Months Ended June 30,
20262025
Number of SharesWeighted-Average Grant Date Fair ValueNumber of SharesWeighted-Average Grant Date Fair Value
Outstanding at beginning of period67,365 $27.43 36,346 $38.11 
Granted44,219 $26.12 64,070 $27.86 
Forfeited(14,358)$27.86 — $— 
Vested(49,712)$27.86 (32,332)$38.20 
Outstanding at end of period47,514 $25.62 68,084 $28.42 
Schedule of Restricted Stock Units
The following table summarizes the Company's Time-Based RSU activity for the six months ended June 30, 2026 and 2025:
Six Months Ended June 30,
20262025
Number of SharesWeighted-Average Grant Date Fair ValueNumber of SharesWeighted-Average Grant Date Fair Value
Outstanding at beginning of period932,175 $35.95 576,652 $43.87 
Granted1,080,919 $22.53 391,843 $35.27 
Forfeited(54,548)$32.15 (33,936)$41.25 
Vested(243,830)$41.09 (240,020)$39.90 
Outstanding at end of period1,714,716 $26.88 694,539 $40.52 
The following table summarizes the Company's Performance-Based RSU activity for the six months ended June 30, 2026 and 2025:
Six Months Ended June 30,
20262025
Number of SharesWeighted-Average Grant Date Fair ValueNumber of SharesWeighted-Average Grant Date Fair Value
Outstanding at beginning of period1,188,986 $52.49 1,768,460 $47.02 
Granted331,112 $26.89 406,265 $44.16 
Forfeited(41,581)$47.59 (30,955)$55.52 
Vested(a)
(314,086)$69.52 (620,326)$43.18 
Outstanding at end of period1,164,431 $40.79 1,523,444 $47.65 
(a) The Performance-Based RSUs vested at a weighted average of 0% of target, or 0 shares, and 78% of target, or 482,083 shares, during the six months ended June 30, 2026 and 2025, respectively.
Schedule of Stock Option Activity
The following table summarizes the Company's stock options activity for the six months ended June 30, 2026:
Six Months Ended June 30, 2026
WillScot OptionsWeighted-Average Exercise Price per ShareConverted
Mobile Mini Options
Weighted-Average Exercise Price per Share
Outstanding at beginning of period754,188 $16.46 10,884 $13.08 
Granted100,000 $18.83 — $— 
Exercised— $— (10,884)$13.08 
Outstanding at end of period854,188 $16.74 — $— 
Fully vested and exercisable at end of period534,188 $13.60 — $— 
The following table summarizes the Company's stock options activity for the six months ended June 30, 2025:
Six Months Ended June 30, 2025
WillScot OptionsWeighted-Average Exercise Price per ShareConverted Mobile Mini OptionsWeighted-Average Exercise Price per Share
Outstanding at beginning of period534,188 $13.60 814,889 $12.77 
Exercised— $— (786,204)$12.77 
Outstanding at end of period534,188 $13.60 28,685 $12.86 
Fully vested and exercisable at end of period534,188 $13.60 28,685 $12.86 
Schedule of Fair Value of Stock Option Award was Estimated on the Grant Date using the Black-Scholes Option-pricing Model
The fair value of each stock option award granted during the six months ended June 30, 2026 was estimated on the grant date using the Black-Scholes option-pricing model. The assumptions are listed in the table below.
Assumptions
Expected volatility46.30 %
Expected dividend1.50 %
Risk-free rate3.84 %
Expected term6.0 years
Exercise price$18.83
Weighted-average grant date fair value$8.09