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  "documentTitle": "Rollins Inc. (ROL)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-10-04 00:00:00",
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  "pageNumber": 82,
  "pageCount": 89,
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  "notes": "The slide uses a screenshot of a 10-Q filing to provide evidence of executive stock selling plans.",
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      "text": "In addition to the Rollins family selling stock, we observe that the CEO adopted a 10b5-1 trading plan to liquidate stock as early as October 2022, coincident with the completion of the Terminix / Rentokil merger.(1) In the recent 10-Q, Rollins provided enhanced disclosure to indicate new adoption of stock selling programs by the CFO.",
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      "kind": "callout",
      "text": "In addition to the Rollins family selling stock, we observe that the CEO adopted a 10b5-1 trading plan to liquidate stock as early as October 2022, coincident with the completion of the Terminix / Rentokil merger.",
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      "kind": "paragraph",
      "text": "In addition to the material terms noted in the table, pursuant to each of these trading plans, in accordance with Rule 10b5-1 of the Exchange Act, there is a mandatory waiting period or “cooling-off period”...",
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      "text": "Source: Q2 2023 10-Q",
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      "kind": "table",
      "text": "Table showing 10b5-1 trading plans for Jerry E. Gahlhoff, Jr., Kenneth D. Krause, and Elizabeth B. Chandler.",
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      "kind": "title",
      "text": "And When Management Starts Selling Too....",
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